sec. 40A(3)
This query is : Resolved
14 July 2011
Please let me know th reply of following:
If a person books a expense of Rs.14000/- on 11.07.11, then of Rs.15000/- on 12.07.11, then of Rs.11000/- on 13.07.11 of the same party, the whole outstanding of Rs. 40000/- was paid on 22.07.11..then section 40A(3) will not apply....
Please tell if i am right or not???
If a person books a expense of Rs.14000/- on 11.07.11, then of Rs.15000/- on 12.07.11, then of Rs.11000/- on 13.07.11 of the same party, the whole outstanding of Rs. 40000/- was paid on 22.07.11..then section 40A(3) will not apply....
Please tell if i am right or not???
14 July 2011
40A3 will apply and entire amount will be disallowed, as 40A3 is dependent on Payment
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- Regarding TAX regime
- TDS - Form 26QB - Installment - Final payment Query
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
