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All QuestionsCategory: Income Tax ComplianceConstruction value in books
Profile photo of Kollipara sundaraiahKollipara sundaraiah asked 4 years ago

Construction value in books

I.t. assess construction for commercial building new started in f.y. 2019-2020.
Construction expenses mentioned values below.
1.some construction expenses Rs.5 lacs payment cash mode.
2.some construction expenses Rs.12 lacs payment bank account payee mode.
Total bank and cash mode construction expense Rs.17 lacs.
Query:
Construction expenses value amount Rs,12 lacs, or 17 lacs shows in books f.y.2019-2020 and cash expenses depreciation claimed eligible or not.

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1 Answers
Profile photo of Kollipara sundaraiahKollipara sundaraiah answered 4 years ago

Construction expenses paid Rs.5 lacs cash mode paid above 10 thousand limit


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