Diallowance u/s 40A(3) of I.T. Act.

This query is : Resolved 

14 July 2011 Whether a Payment exceeding Rs.20000/- (i.e.Rs.20050/-) made to Lorry Driver towards Transportation Charges in cash is subject to disallowance under the said provisions or not.

14 July 2011 It is disallowed,,
But it can be claimed through 2nd proviso to 40A3 on business expediency purpose,
Transportation and coolie charges were allowed in CIT vs. J.Rajmohan Pillai (2004)



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