expense - allowable or disallowable
This query is : Resolved
19 March 2010
Mr.x made cash payment of Rs.36000/- to Mr.Y for a single bill (for eg. Bill no.143)
in the following way
Rs.18000/- on 18/03/2010
Rs.18000/- on 19/03/2010
allowable or dis-allowable?
in the following way
Rs.18000/- on 18/03/2010
Rs.18000/- on 19/03/2010
allowable or dis-allowable?
19 March 2010
Disallowed if single bill.
19 March 2010
not disallowed if payment made by cash not more then 20000/- for a single day
rs 36,000/- is allowable
rs 36,000/- is allowable
19 March 2010
allowable
20 March 2010
If there is single bill then it must be disallowed. I accept that purchase made during different time but bill is still single.
20 March 2010
chintanji in the sec 40A(3) specially mention if excess of cash payment more then 20000/- in a signal day then such amt fully disallow,
kindly read sec. 40A(3) with explanation for better understanding
kindly read sec. 40A(3) with explanation for better understanding
24 March 2010
The same is allowable as the amount being less than or equal to 20000 to a single person...................................................Agreeing with Ashok
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
