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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‘No Dorai’ and ‘Fagun Haway’ win Bangladesh best films award of 2019

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 Taneem Rahman Anghshu who directed the film ‘No Dorai’ got the best Director award.


The film ‘No Dorai’ dominated the awards in several categories including best cinematography (Sumon Kumar Sarker), Best Sound Recording (Ripon Nath) and best Screenplay (Mahboob Rahman).

‘No Dorai’, meaning ‘Not Afraid’ is the story of a community in the beach town of Cox’s Bazar in Bangladesh. The community does not allow women to venture into the sea and forces them into strict social norms. The awards this year have been given away in 26 categories. 

Eminent actor Sohel Rana and actress Kohinoor Akhter Suchanda jointly won the Life Time Achievement Award for their contribution to the film industry. Tarique Anam Khan was adjudged the best actor in lead role (male) for 'Abar Basanta' while the award for best actress in lead role (female) went to Sunehra Binte Kamal for 'No Dorai'.

Zahid Hasan got the Best Villain award for his role in the film ‘Shaludu’. ‘Nari Jibon’ got the best short film award while ‘Ja Chilo Ondhokare’ was selected for the best documentary film of 2019. Emon Chowdhury got the best Music Director award for the film ‘Maya- The Lost Mother'.

Best playback singer (male)  award was given to Mrinal Kanti Das. Best Female singer award was awarded jointly to Momtaz Begum and Fatima Tuz Zahara Oyshee. Plabon Koroshi and Tanvir Tarek won the award for best music composer category.

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