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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What are the types of visas?

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 There are two main categories of visas: nonimmigrant visas and immigrant visas.


  1. Nonimmigrant visas are for people who are visiting the United States temporarily for a specific purpose, such as tourism, business, study, or medical treatment.
  2. Immigrant visas are for people who are coming to the United States to live permanently.

 ✓ There are many different types of nonimmigrant visas, each with its own specific requirements. Some of the most common types of nonimmigrant visas include:


  • B-1/B-2 Tourist Visa: This visa is for people who are visiting the United States for tourism or business purposes.
  • F-1 Student Visa: This visa is for people who are coming to the United States to study at an accredited school.
  • J-1 Exchange Visitor Visa: This visa is for people who are coming to the United States to participate in an exchange program.
  • H-1B Visa: This visa is for people who are coming to the United States to work in a specialty occupation that requires a bachelor's degree or equivalent.


✓ There are also many different types of immigrant visas, each with its own specific requirements. Some of the most common types of immigrant visas include:


  • Family-sponsored visas: These visas are for people who are coming to the United States to join their family members who are already citizens or lawful permanent residents.
  • Employment-based visas: These visas are for people who are coming to the United States to work in a job that requires specialized skills or training.
  • Refugee visas: These visas are for people who are coming to the United States to escape persecution in their home country.


The specific visa you need will depend on your purpose for visiting or immigrating to the United States. You can find more information about the different types of visas on the U.S. Department of State website.

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