Ca final november, 2014 audit exam

Page no : 2

Shashank Baranwal (Senior Auditor ) (28 Points)
Replied 12 November 2014

Disallowed under section 40A(3)

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Hardik K. Haria (student) (44 Points)
Replied 12 November 2014

Disallowed since payment goes to a single person..

Nishant Jain (Associate - Direct Tax) (99 Points)
Replied 12 November 2014

Its disallowed. I was also an examinee to this exam n wrote the same answer. if we consider different bills then sec 40a(3) has no relevance. Everybody can and will obviously take advantage by taking diff. Invoices from the supplier or service provider.

Yash. (student) (64 Points)
Replied 12 November 2014

Disallowed...assuming dates of all the bill is same...so even if each bill is of 15000 but dated same it will b treated as though payment made in a day...to save from disallowance the bill date needs to b different..

ANKIT MAHESHWARI (ASSISTANT MANAGER ) (58 Points)
Replied 12 November 2014

Disallowed.... a single day

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Ajay Kumar (C.A. Final) (27 Points)
Replied 12 November 2014

I think it will be disallowed

CA. Mohammed Kasim Surty (Charetered Accountant) (22 Points)
Replied 12 November 2014

Disallowed as payment has been made to single person in single day in cash in excess of Rs. 20000

ravi (assistant director) (21 Points)
Replied 12 November 2014

Since payment has been made by cash and six different bills has been issued it is considered as hotel is giving services to six different person and as such it does not exceed minimum limit of 20000 Rs so no dis allowance will attract.