40 A(3)
This query is : Resolved
04 September 2009
whether Cash Payment more than 20,000 in Single day otherthan account payee cheque is allowed against two different bills from A.Y 2010-11
04 September 2009
yes, rule 6DD specify for single payment in a day to a single party is disallowed u/s 40 A(3).
In your case the disallowances will be 20% of the such amount paid.
In your case the disallowances will be 20% of the such amount paid.
04 September 2009
I think from the A.Y 2008-2009, disallownce will be 100% of amount paid.
and rule 6DD specify that payment against such expenditure. two different bills are covered under this rule?
and rule 6DD specify that payment against such expenditure. two different bills are covered under this rule?
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