EASYOFFICE

Cash exceed 20000/- 40a(3)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 August 2013 I conducted an internal audit in one of mobile pvt ltd in that a mobile was taken by an employee for Rs.25000/- and such amount will be deducted in installment from his salary. So in this situation 40A(3) applicable or not. Please clarify
Profile Image

CA Parul Saxena online

Profile Image

CA Parul Saxena online (Expert)
31 August 2013 not applicable one time payment must not exceed Rs.20000
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
31 August 2013 your transaction not having any criteria to apply sec.40A(3)
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
31 August 2013 If only in single day there is payment made in excess of rs 20,000 to 1 single party then sec 40A(3) will not get attracted.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links