Can cost of improvement be in cash?

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..... I've done expenses such as fencing, lighting, and various other expenses amounting to say ₹ 3 lac all in raw cash? is any disallowance or penalty initiated? Note: when i sale property capita .....

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..... l gain tax is attracted meaning it was not my business expenditure - Reply By DEV KUMAR KOTHARI - The Reply = Can cost of improvement be in cash? Ans. Yes. Take care to ensure that you have a .....

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..... ccounted for the same and recorded in cash book, ledger and Balance sheet. If you have not maintained books of account, then you must be able to show sources from which you spent expenses (like cash .....

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..... balance in cash inflow statement, withdrawals from bank, cash income earned like salary or other income. Other wise expenses can be added in income as undisclosed expenses. - Can cost of improvemen .....

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..... t be in cash? - Query Started By: - AMEY SHARMA Dated:- 4-12-2019 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managem .....

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..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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