Sir,
I want to know whether payment made to State Electricity Board in cash exceeding Rs.20,000/- will attract disallowance u/s 40A(3)?

Rule 6DD exempts pyt to Government
"where the payment is made to the Government and, under the rules framed by it, such payment is required to be made in legal tender;
Whether payt made to a Board controlled by State Govt. is covered by the above provision?

While preparing the books of accounts what should be the rate of depreciation to be used for the Plant and machinery and motor cars ?

Is it advisable to use the rate as specified in the income tax act ?

Query Regarding Form 67 (for Form 25A) :

The Form 25A was signed by the Secretary of the Company and due to defects or incompleteness, now we need to file Form 67.

Kindly let me know how many signatories to digitally sign the Form 67.

I noticed the relevant points in the Form 67 Help File that ‘This eForm should be digitally signed by the signatories as per the relevant eForm(s) in respect of which this addendum eForm is being filed. Please note there is no restriction that the same person who has signed the relevant eForm shall sign this eForm. This eForm can be signed by any of the relevant signatories’.

NOW, CAN I REQUEST THE CLIENT TO GO AS PER FORM 25A (I.E. ONE SIGNATORY IN THE CASE OF FORM 25A) SO THAT EITHER THE SECRETARY OF THE COMPANY OR THE DIRECTOR OF THE COMPANY SHALL DIGITALLY SIGN.

AS IN THE FORM 25A, THERE IS ONE SIGNATORY, I SHALL CONCLUDE THE FORM 67 ALSO IN THE SAME MANNER.

Kindly confirm my understanding is proper so that I can advise the client.

Thanks for the response.

Can two different owner, having blood relation, obtain different TIN numbers for same business premises as per Gujarat VAT Act???

Who is organising this website.

we deals in reselling of scrap.we are asking that we should charged tcs to the seller?

How should prepare a Balance Sheet and Profit & Loss A/c to obtain CC Limit Rs.5 Lakh from a Bank and What should be the income in ITR ?

what is "profit & loss appropriation account"? describe briefly.

Dear Sir,

I am an accountant. I want to know that payment in cash for insurance of motor car above 20000/- in a firm is allowable or not.

May i claim expense for it in the profit & loss account.


regards,

Vipin Singh.