Wrongly advise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2013
i wrongly advice to my employer to paid more then 20,000/- in cash for party expenses.. please give suggestion what i do.. i know its my fault. but give suggestion with section
12 December 2013
if possible split cash payment vouchers for two seperate dates
Message likes :
1 times
12 December 2013
1)SEC 40A(3) SHALL BE APPLICABLE AND THE AMOUNT SHALL BE DISALLOWED
I THINK YOU DID TWO GR'S IN SAME DATE.
U/S 40A(3)a : - WHERE PAYMENT MADE FOR PLYING,HIRING OT LEASING GOODS CARRIAGES, THE PAYMENT SHALL MADE BY ACCOUNT PAYEE CHEQUE IF THE AMOUNT OF PAYMENT EXCEEDS RS. 35000/- INSTEAD OF RS. 20000/- APPLICABLE ALL OTHER CASES
REFER SEC 40 A
I THINK YOU DID TWO GR'S IN SAME DATE.
U/S 40A(3)a : - WHERE PAYMENT MADE FOR PLYING,HIRING OT LEASING GOODS CARRIAGES, THE PAYMENT SHALL MADE BY ACCOUNT PAYEE CHEQUE IF THE AMOUNT OF PAYMENT EXCEEDS RS. 35000/- INSTEAD OF RS. 20000/- APPLICABLE ALL OTHER CASES
REFER SEC 40 A
13 December 2013
under section 40A(3) with rule 6DD
payment for exp will 100% disallowed and add in income of assesse above Rs. 20000/-
and 35000/- for transporter you can pay cash in one day.
payment for exp will 100% disallowed and add in income of assesse above Rs. 20000/-
and 35000/- for transporter you can pay cash in one day.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
