28 May 2008
Regarding U/s40(a)(3) Professional charges paid to NRI by cash or barer cheque what is the effect in this section. 1.NRI doesnot have a Bank account 2.NRI vist to india in maximum 3days in this days done a Professional services to India and back to home country. 3.The payment may be payable in the nature of cash only
The above said situation what is the disallowance of the such section and what is the solution for this matter regarging. If any exception in the Rule 6D
28 May 2008
i don't think there is any exception for NRI in this sec. NRI must be having a bank a/c at his place. he can deposit a/c payee cheque there. so, disallowance shud follow if sec. not followed.
CAclubindia
