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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Trending Watsapp Status

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 Recently Jubin Nautiyal's invited in INDIAN IDOL S12 set. 

This weekend on Indian Idol 12, prolific playback singer Jubin Nautiyal will grace the Sony Entertainment Television show with his presence for a special 'Maa' episode. The "Tum Hi Aana , Mai Jis Din Bhula Du "crooner will a Trending Watsapp Status ppear on the reality singing show to cheer for his favourite contestant Pawandeep Rajan as both of them hail from Uttarakhand. However, Jubin gets a special surprise for Pawandeep with him, all the way from the northern state.

As Jubin Nautiyal's new song titled Lut Gaye, starring Emraan Hashmi, released today, i.e. February 17, 2021, the songster will appear on Indian Idol 12 to promote his newly-released song on national television. In addition to promoting Lut Gaye, Jubin also graces the stage of the Sony TV show to extend his support to contestant Pawandeep Rajan on Indian Idol 12's 'Maa Special' episode. However, the Bollywood singer was also accompanied by someone special on the reality TV show's stage to cheer for Pawandeep, and that was none other than his beloved mother. 

In the show, after his performance with Jubin Nautiyal on Bajrangi Bhaijaan's popular song Zindagi Kuch Toh Bata, Jubin asked Pawandeep to close his eyes as his mother surprises him by tip-toeing from behind and gives him a tight hug, which moves the contestant and he gets emotional.

Many songs are sung by Jubin Nautiyal's, but amoung that below mentioned songs "Mai Jis Din Bhula Du" are popular / in trending now a day's.:





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