Section 40a(3)

This query is : Resolved

Shrejal Srivastava (Querist)
Follow

15 October 2018 A revenue expense of 25000 is done in PY 17-18 out of which 7000 is immediately paid through e-banking..the balance is paid in next FY through e-banking..How much will be allowed or disallowed in both years? kindly answer in detail..along with reasons..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 October 2018 2017-18 . No disallowance. Reason- incurred expenditure but in respect of which no
cash payment is made.

2018-19 No disallowance. Reason - Not incurred expenditure and no cash payment.

Shrejal Srivastava

Shrejal Srivastava (Querist)
Follow

16 October 2018 thank you so much sir...it was really helpful

Upgrade to CAclubindia Pro. Subscribe Now!