40A (3)
This query is : Resolved
22 September 2010
Purchase Rs.50,0000/- if i made cash payment of Rs.15000/- Rs.15000/- Rs.15000/- and Rs.5000/- for 4 days. this expenses will be allowed
22 September 2010
allowable as payment in a single day does not exceed rs. 20k.
22 September 2010
No cash payment exceed 20,000/- in a day so it is allowed.
practical process suggestion: take a A/c statement of both parties so it can be proved that you paid amount in 4 installments and other party also received in 4 days. it will be helpful it case is scrutinized.
practical process suggestion: take a A/c statement of both parties so it can be proved that you paid amount in 4 installments and other party also received in 4 days. it will be helpful it case is scrutinized.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
