Easy Office
LCI Learning

payment exceeds RS.20000

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2010 my query is:
can a cash payment be made for more than 20000/- on account of octroi on a single day-will the disallowance u/s 40A(3),will come into effect?

pls its urgent to be answered .


darshi
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
14 May 2010 yes. will be disallowed.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
14 May 2010 Will not be disallowed under section 40 A(3). Refer rule 6DD(b) and CBDT Circular No.34 dated 05/03/1970.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA KISHORE VANAMA

Profile Image

CA KISHORE VANAMA (Expert)
14 May 2010 It is not disallowed . I agree with chakrapani sir
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
14 May 2010 Agreed with Chacrapani Ji.
Payment of octroi related to Govt. due, hence it is allowed as per rule 6DD.
Profile Image

CA Shiv

Profile Image

CA Shiv (Expert)
14 May 2010 wont be disallowed....
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
14 May 2010 not disallowed.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links