40a(3)


18 June 2014 whether sec.40A(3) apply on trust & charitable institution ?


18 June 2014 Yes It is applicable .Exemption to rule 40A(3)given only in rule 6 DD. \
There is no specific exemption for Trust/Charitable Institutions.

18 June 2014 yes, all section for tds/limit of payment are applicable to all assesse.


21 June 2014 cash payment in excess of 20000 may be made by trust ?

21 June 2014 because trust have no business activity.
whether BUSINESS HEAD for EXPENSE point of view not apply?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries