DISALLOWANCE OF PAYMENT U/S 40A(3)
This query is : Resolved
23 July 2008
1.in order to save DD commission, if a person deposits the amounts of Rs 21000/- in a banking a/c CBS, against the payments towards purchases, whether it amounts to disallowance.
CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)
CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)
23 July 2008
Yes, it will tentamount to cash payment and disallowable u/s 40A(3). Also, the exemption available as per Rule 6DD(c) shall not be available in this case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Applicability of Ind As to associate of associate
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
