Sec 40(a)(3)
This query is : Resolved
06 December 2011
Sec 40(A)(3) applicable to Trusts?
Sec 40(A)(3) applicable to Trusts?
13 December 2011
Section 40A(3) is applicable to all assessees irrespective of their status.
So, if a trust makes a payment in excess of Rs. 20,000/- otherwise than by an account payee cheque, the expense will be disallowed.
So, if a trust makes a payment in excess of Rs. 20,000/- otherwise than by an account payee cheque, the expense will be disallowed.
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 registration in the state of maharashtra
- Service Provider GST
- After retirement
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- Input tax credit on modular office kitchen
- Huge late fee, keep pending as Limited Liability Concept
- TDS on property rent
- Wrong calculation in Assessment order and opted vivad se viswas scheme 2024
- Advt Expenses
- Regarding TDS..
- We generated an e-invoice for March 2025 on 14.04.2025, which was not uploaded in GSTR-1. Now, how t
- Capital Gains Tax - Short or Long - House Property
- RCM on Transport services
- Input Credit available in Credit ledger
- Merger of twu units under same PAN
- If the GSTR1 filed after due date and the invoices mentioned GSTR1-A, will we be able to claim ITC o
- REGARDING RETIREMENT OF PARTNER
- Regarding consequences of retirement of partner in firm
- Time Limit for Availment of ITC laying in ITC Reversal Ledger
- Tally entry - Debit note
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
