Z an assessee incurs expenditure for acquisition of an asset in respect of which payment (or aggregate of payment made to a person in a day), otherwise than by an account payee cheque/draft or use of ECS through a bank or through such other electronic mode as may be prescribed, exceeds such payment shall not be eligible for claiming the amount of depreciation on such asset.
A. ₹ 50,000
B. ₹ 20,000
C. ₹ 10,000
D. ₹ 2,00,000
Answer:C
Z an assessee incurs expenditure for acquisition of an asset in respect of which payment (or aggregate of payment made to a person in a day), otherwise than by an account payee cheque/draft or use of ECS through a bank or through such other electronic mode as may be prescribed, exceeds such payment shall not be eligible for claiming the amount of depreciation on such asset.
A. ₹ 50,000 B. ₹ 20,000 C. ₹ 10,000 D. ₹ 2,00,000