40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2013
Problem
My client purchased rawmaterial sum of 50000/- he paid cash by 3vouchers amount of
18000/-
18000/-
14000/- in single day to single person ,
is the expenditure allowable for deduction or not ?
My client purchased rawmaterial sum of 50000/- he paid cash by 3vouchers amount of
18000/-
18000/-
14000/- in single day to single person ,
is the expenditure allowable for deduction or not ?
02 August 2013
Purchase is made against invoices. In case the invoices are different, payment is allowable.
.
Otherwise, limit of Rs. 20000/- will become applicable and if the payment is made against a single invoice the same will not be allowed.
.
.
Otherwise, limit of Rs. 20000/- will become applicable and if the payment is made against a single invoice the same will not be allowed.
.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2013
Thank you sir
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