SECTION 40A REGARDING
This query is : Resolved
27 April 2025
BILL PURCHASE DATED 15-3-25
AMOUNT 16000
CASH PAID DATED 17-3-25 AMOUNT= 9000
CASH PAID DATED 18-3-25 AMOUNT= 7000
IS ALLOWE OR NOT IN INCOME TAX RULE
THANKS IN ADVANCE
AMOUNT 16000
CASH PAID DATED 17-3-25 AMOUNT= 9000
CASH PAID DATED 18-3-25 AMOUNT= 7000
IS ALLOWE OR NOT IN INCOME TAX RULE
THANKS IN ADVANCE
27 April 2025
If an assessee makes payment of a single bill (exceeding Rs. 10,000 / Rs. 35,000) on different days to the same person in cash, provision of sec. 40A(3) is not attracted, provided any of the payment does not exceed Rs. 10,000 / Rs. 35,000.
Read more at: https://taxguru.in/income-tax/section-40a3-3a-restrictions-cash-expenditure-capital-revenue.html
Read more at: https://taxguru.in/income-tax/section-40a3-3a-restrictions-cash-expenditure-capital-revenue.html
27 April 2025
OK SIR MANY MANY THANKS
27 April 2025
You are welcome.
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