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 can I take care of my eyes?

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 Taking care of your eyes is important for maintaining good vision and overall eye health. Here are some tips to help you take care of your eyes:

  1. Get regular eye exams: Regular eye exams are crucial for detecting any potential vision problems or eye diseases early on. It is recommended to have a comprehensive eye exam every 1-2 years, especially if you wear glasses or contact lenses.
  2. Protect your eyes from UV rays: Prolonged exposure to ultraviolet (UV) rays from the sun can increase the risk of eye conditions such as cataracts and macular degeneration. Wear sunglasses that block 100% of UVA and UVB rays whenever you are outdoors, even on cloudy days.
  3. Take breaks during prolonged screen time: If you spend a lot of time working on a computer or staring at digital screens, follow the 20-20-20 rule. Every 20 minutes, look away from your screen and focus on an object about 20 feet away for 20 seconds. This can help reduce eye strain and prevent computer vision syndrome.
  4. Maintain proper lighting: Ensure that your work area is well-lit, and avoid excessive glare from windows or overhead lighting. Adjust the brightness and contrast of your computer or device screen to a comfortable level. When reading, use adequate lighting to prevent eye fatigue.
  5. Practice good hygiene: Wash your hands regularly, especially before touching your eyes or handling contact lenses, to reduce the risk of eye infections. Avoid rubbing your eyes, as it can irritate them and potentially introduce germs.
  6. Eat a healthy diet: A well-balanced diet rich in fruits, vegetables, and omega-3 fatty acids can promote good eye health. Foods like leafy greens, carrots, citrus fruits, fish, and nuts contain nutrients that are beneficial for your eyes.
  7. Stay hydrated: Drinking an adequate amount of water helps maintain good overall health, including eye health. Proper hydration can prevent dry eyes and keep your eyes lubricated.
  8. Quit smoking: Smoking increases the risk of developing various eye conditions, such as cataracts, macular degeneration, and optic nerve damage. If you smoke, consider quitting to protect your eyes and overall health.
  9. Use proper eye protection: When participating in activities that could pose a risk to your eyes, such as playing sports, working with power tools, or handling hazardous materials, wear appropriate eye protection like safety goggles or glasses.
  10. Get enough sleep: Sufficient sleep is crucial for overall well-being, including eye health. Aim for 7-8 hours of quality sleep each night to allow your eyes to rest and rejuvenate.


Remember, if you experience any persistent eye discomfort, changes in vision, or other concerning symptoms, it is important to consult an eye care professional for proper evaluation and guidance.

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