sec 40A(3)
This query is : Resolved
18 July 2008
As i am Tours & Traveling company ,iam paying to GUIDER >Rs20,000(cash payment).wheather this Expenditure is disallowed(As per Sec 40A(3)) r not.
18 July 2008
As these are expenses incurred during the ordinary course of business, the same shall be under the preview of section 40A(3) and shall be liable to be disallowed in accordance with the provisions of the Act
18 July 2008
there is no specific exemption for tours and travelling company u/s 40A(3)
18 July 2008
it is disallowed
18 July 2008
The expenditure may be allowable, in case the payment is made to the Guide living in an area like a village which is not having the banking facility. Refer, clause (h) of Rule 6DD which deals with exceptions to Section 40A(3).
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
