Expenses Allowable??

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2011 whether payment made to Gujarat Electricity Board in excess of Rs. 20000 in CASH is allow as Busi. Exps????

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)
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05 March 2011 Hi,

Rule 6DD Excludes the applicability of Sec 40A(3) for any payments made to Govt entities. Therefore payment made to Gujarat Electricity Board in excess of Rs. 20000 in CASH will be allowed as a deduction.

Thank you,

Regards
CA. LOHITH. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons