Capital expenditure - Change in the Definition of Actual Cost u/s 43(1) - Disallowance of depreciation where payment is made in excess of 10,000 in a day - Budget 2017-18 w.e.f. AY 2018-19

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..... 016 - Amendment of section 43. THE FINANCE BILL, 2017
Bill
Act-Rules
Dated:- 3-2-2017
Clause - 016 - Amendment of section 43. THE FINANCE BILL, 2017 Clause 16 of the Bill seeks to ame .....

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..... provide that where the assessee incurs any expenditure for acquisition of any asset in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee .....

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