Section 40a(3) of income tax act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2015
Dear sir
payment for contract work is 25000
tds deducted -250
cheque issued-24750
my doubt is if cheque issued is not an account payee then expense will be disallowed or not
i.e Tds deducted effects 40A(3) or not.
Its urgent
with regards
payment for contract work is 25000
tds deducted -250
cheque issued-24750
my doubt is if cheque issued is not an account payee then expense will be disallowed or not
i.e Tds deducted effects 40A(3) or not.
Its urgent
with regards
17 June 2015
Yes it will b dear... then how you issues the cheque...is it for self or what
17 June 2015
Expense will be disallowed as paid other than by way of accpunt payee cheque.
TDS has nothing to do with this.
TDS has nothing to do with this.
17 June 2015
you have to pay the amount with a/c payee cheque other wise exp will be disallow
17 June 2015
you have to pay the amount with a/c payee cheque other wise exp will be disallow
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
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- 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
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
