Poonawalla fincorps
Poonawalla fincorps

Sec 40a (2)

This query is : Resolved 

06 March 2014 co. purchased goods of fmv 32000 frm director of d co. wid amt of bill 40000 .wil 8000 b disallowed under sec 40 A (2)? plus if payment is made 36000 nd 4000 on different dates wrt to same bil how wil b its treatment in calculating pgbp income?

06 March 2014 1. The AO can disallow Rs. 8,000/- u/s 40A(2).

2. Payment of Rs. 36,000/- if made in CASH will be disallowed u/s 40A(3).



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