Fixed Asset Purchased in Cash less than Rs.10,000/- 💰🏢!Big Mistake

Many businesses and professionals are unaware that making cash payments above Rs.10,000 for the purchase of a fixed asset can have important tax consequences under the Income Tax Act.
While the asset may still be recorded in the books, the tax law restricts certain benefits where payment is made in cash beyond the prescribed limit. This can impact the depreciation claim and overall tax planning.
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Видео Fixed Asset Purchased in Cash less than Rs.10,000/- 💰🏢!Big Mistake канала Tax Strategy_CA Parag Jain