Easy Office
LCI Learning

sec40a3

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 January 2011 if advance payment is made to a individual in cash exceeding rs 20000 shall be disallowed or not
Profile Image

CA. Himansu Sekhar Kabi

Profile Image

CA. Himansu Sekhar Kabi (Expert)
10 January 2011 Sec 40A(3)says disallowances of any expenditure(Revex charged to p/l)paid in cash in excess of RS.20K.

Advance payment not being a expenses charged to p/l not covered by sec 40A(3).
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
10 January 2011 for which purpose advance payment? if for Expence. then Sec 40a(3) applicable. otherwise not for exps. then not applicable.
Upgrade to CAclubindia Pro. Subscribe Now!


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




Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links