Dear Experts
Can we pay factory rent - Rs.45000/- in cash mode ? as per income tax rule ?
5 Replies
Hitesh
(Student)
(3549 Points)
Replied 20 November 2018
No can't pay 40 A(3) disallowance is attached
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 20 November 2018
PAY THE SAME BY WAY OF CHQ OR ELECTRONIC MODE
Poongkathiravan A
(articleship assistant)
(47 Points)
Replied 20 November 2018
per day limit ten thousand only to transfer cash one person to another person
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 21 November 2018
It will be disallowed under Section 40A(3). To avoid the disallowance pay the expense through account payee cheque, ecs, draft, or any other online mode.
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