Ca final november, 2014 audit exam

Page no : 3

dileep (accountant) (22 Points)
Replied 12 November 2014

Why disallowed?? There 6 bill each of 15000. Please think than give a reply

Santosh kumar (J.A.M) (73 Points)
Replied 12 November 2014

If payment is made to hotel for 6 bills also will atract 40A(3) , other wise if payment is made to emplyees it will not atract 40A(3)evn if though they are paid tosame hotel

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))   (8311 Points)
Replied 12 November 2014

Originally posted by : Hardik K. Haria
Disallowed since payment goes to a single person..

THERE IS PAYMENTS FOR 6 DIFFERENT PERSONS THAT WHY IT WILL ALLOWED AS EXPENSE. 


Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))   (8311 Points)
Replied 12 November 2014

I TOO WROTE IT  AS ALLOWABLE EXPENSE.


Aarsh (student) (31 Points)
Replied 12 November 2014

clear cut disallowed.... have done it in practical life in audit. the aggregate amount is taken .


CA,CS Kumar (Head Accounts & Finance)   (171 Points)
Replied 12 November 2014

Obviously disallowble Now no discussion guys Discuss on else like caro, ethics

CA,CS Kumar (Head Accounts & Finance)   (171 Points)
Replied 12 November 2014

Caro 2003 is applicable !

Balram Patidar (Student) (46 Points)
Replied 12 November 2014

Section 40A (3) attract exceed 20k in a day to single party no.of bill is totally irrelevant. So entire amount of rs 90000 will be disallowed
1 Like

srushti (Article) (25 Points)
Replied 12 November 2014

Pls also tell me the answer for Q 1a and 3 a


RAVIRAJ A. VAKANI (ARTICLE ASSISTANT) (22 Points)
Replied 12 November 2014

Disallowed..............


RAVIRAJ A. VAKANI (ARTICLE ASSISTANT) (22 Points)
Replied 12 November 2014

Disallowed

CMA Sushant Telkikar (-) (259 Points)
Replied 12 November 2014

Disallowed as payment to single party exceed the limit of rs 20000

Rahul Garg (Student) (21 Points)
Replied 12 November 2014

Disallowed.........

punit patel (Marketing Manager) (62 Points)
Replied 12 November 2014

Disallowed .........


CA Dnyaneshwar Gopale (CHARTERED ACCOUNTANT) (501 Points)
Replied 12 November 2014

Jo bol rahe disallowed nahi unone shayad dummy aticleship kiya lagta hai


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