Poonawalla fincorps
Poonawalla fincorps

Cash payment exceeding 20000

This query is : Resolved 
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(Querist)
08 March 2014 is the section 40a(3)(a) applicable in case of cash payment made in respect of motor car expenses?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
08 March 2014 Expenses on running & maintenance of motor car is a REVENUE expenditure. Accordingly the expenditure will be disallowed if the payment exceeding Rs. 20,000 is made in CASH.
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PRATIKSHA

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PRATIKSHA (Querist)
08 March 2014 thank you for your advice
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 March 2014 You are welcome. You should use the thanks button to convey your thanks.

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