Sec 40 a (3)
This query is : Resolved
29 June 2012
There is a frieght bill of Rs.40000/-. The whole amount is paid in cash to the truck driver. Is this expense allowable? I not so, is there any way out to make this expense allowable?
29 June 2012
AS PER SEC 40A(3) IN ONE DAY WE CAN PAY TO TRANSPORTER MAXI Rs 35000. ALLOWED AS BUSINESS EXPENSES.
AS YOU SAY YOU PAID RS 40000 EXCEEDING THE LIMIT..TOTALLY DISALLOWED AS PER ABOVE SEC.
AS YOU SAY YOU PAID RS 40000 EXCEEDING THE LIMIT..TOTALLY DISALLOWED AS PER ABOVE SEC.
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