section 40 A(3) want details
This query is : Resolved
19 December 2009
if you paid expense in cash more than rs 20000 for a person in a sigle day,
sectiion will attract
sectiion will attract
19 December 2009
Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, exceeds twenty thousand rupees, no deduction shall be allowed in respect of such expenditure.
- Sec. 40A(3)
- Sec. 40A(3)
19 December 2009
expesse will not allowed as dedution
19 December 2009
simple no cash transation in a day to one party for rs.20000/- if done amount will be disallowed
19 December 2009
Sec.40A(3) Will attract if the Payment made more than Rs.20000/- by cash or other than account Payee followig points are also to be considered
1.even payment made to one party in a single day more thanr one time ( agregate value more than Rs.20000/- sec.40A(3) will attract
but you are making a payment for two or more bills this section will not attarct unless the single bill exceeds Rs.20000/-
1.even payment made to one party in a single day more thanr one time ( agregate value more than Rs.20000/- sec.40A(3) will attract
but you are making a payment for two or more bills this section will not attarct unless the single bill exceeds Rs.20000/-
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
