Is depreciation allowable on purchase of fixed assets by cash, Which used for bussiness purpose?

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 Yes!, depreciation is allowable on purchase of asset for business purpose by cash, subject to certain conditions. The asset must be used for the business or profession of the assessee, and it must be owned, wholly or partly, by the assessee. The asset must also have a useful life of more than one year. However, there is a restriction on claiming depreciation on assets purchased in cash. Section 43 of the Income Tax Act, 1961, disallows the capital expenditure incurred in cash for certain specified assets, including fixed assets. This means that if you purchase an asset for your business in cash, you will not be able to claim depreciation on the cost of the asset. There are a few exceptions to this rule. For example, you will still be able to claim depreciation on assets purchased in cash if the amount of the expenditure does not exceed Rs. 20,000. You will also be able to claim depreciation on assets purchased in cash if the asset is used for scientific research or for the purpos...
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How to connect with Indian Prime Minister's Shree Narendra Modiji?

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 How to interact or sending ideas, thoughts  with Honourable Prime Minister of India Shree Narendrabhai Modi ?


Many people's have fruitful and developmental ideas, suggestions. But due to lack of knowledge of prescribed channel cannot reach his/her idea's, suggestions, complaints, grievances to PM Modiji. Today I will discussed here prescribed channel's throughout your ideas, messages, suggestions can reach to PM Modiji.

# LIST OF PRESCRIBED CHANNELS THROUGHOUT YOUR IDEA'S, SUGGESTIONS, GRIEVANCES REACHES TO PM MODIJI :




# Prime Minister Narendra Modi Contact Details :

✓ Prime Minister’s Office

South Block, Raisina Hill

New Delhi-110011

✓ Phone No: +91-11-23012312

✓ Fax: +91-11-23019545, 23016857


# Prime Minister Narendra Modi Address for Sending Grievances Letters :

• By Post – to Prime Minister Office, South Block, New Delhi, Pin – 110011,

• By Hand – at PMO Dak Counter at South Block, New Delhi

• By Fax – at FAX No. 011-23016857.


# Prime Minister Narendra Modi Social Media Corner/Channel :

✓ Twitter Account: https://twitter.com/narendramodi 

(Click Here)

✓ Facebook Account : https://www.facebook.com/narendramodi3


# How to Interact with PM Modiji ?

You want to directly connect with PM Modiji and you have any idea's , suggestions, problems & grievances then you can also send your feedback and messages via :

✓ MANN KI BAAT :. https://www.mygov.in/group-issue/inviting-ideas-pm-narendra-modis-mann-ki-baat-25th-october-2020/ 

( Click Here ).



✓ NAMO APP :




✓ MYGOV APP : 



# Step - 1 : First of All visit to the official website@ www.pmindia.gov.in


# Step - 2 : Now at the Home Page you will get Two Option First  “Share your Thoughts” and second is “Write to PM”


# Step - 3 : If you want to share your thought and idea with Prime Minister than Click on the first button.


# Step - 4 : If you want to write about your problem to PM than click on the second option.


# Step - 5 : Now in the Grievance Application Form Fill all the required details and describe your Problem in 4000 characters.




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