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As per the provisions of part 35AD investment decision linked deduction is out there in respect of money expenditure laid out for specific specified firms. An Modification is continues to be designed to suppress the incurring of any expenditure in cash on these kinds of expenditure which is eligible for deduction below area 35AD and appropriately an expenditure of higher than Rs. 10,000/- in mixture designed to anyone in a day shall not qualify for deduction under the provisions from the mentioned part. It is actually to become mentioned that below the existing provisions of the Act profits expenditure incurred in cash exceeding Rs.
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It appears like this property has missing info, which might affect the accuracy of household benefit estimates.
Because payment of Rs. 3,50,000/- is produced by cash, it shall not be considered as A part of actual expense of plant and equipment. The actual expense of plant and machinery shall be taken to get NIL and NIL shall be added to WDV of Block of belongings.
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