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
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