Section 40 A (3) of Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2010
If any assessee pay expense of say Rs 22000 and on it he deducts Rs 3000 as a TDS and Make payment in cash of RS 19000/- will such expense will be disallow under income tax act Sec 40A(3)
07 September 2010
TDS deduction is equvilanet to payt made as the deductor has to deposit the same with the Govt. and issue the certi. on which the payee get the credit.
However, the actual payt after TDS payt does not exceed Rs. 20,000/- and hence, sec. 40A(3) will not get attracted.
However, the actual payt after TDS payt does not exceed Rs. 20,000/- and hence, sec. 40A(3) will not get attracted.
07 September 2010
Actual payment is less than Rs.20000, hence sec.40A(3) not attract
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
