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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rovide 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 ....