Become a Certified GST Practitioner in just 58 hours. Register Now!

Sec 37(1)

Jaisika Kukreja (216 Points)

13 November 2018

Advertisement expenditure in excess of rs. 10000 in cash allowed or disallowed for ay 18-19

Reply
Follow
Share

13 Replies

Uday Rathi (133 Points)
Replied 13 November 2018

Any expenditure in excess of Rs 10,000 in a day is disallowed.

Upgrade to CAclubindia Pro. Subscribe Now!

jasmeet singh (220 Points)
Replied 13 November 2018

as per section 40A(3) any payment made in cash above 10000 RS to any person in a single day shall not be allowed as deduction

Jaisika Kukreja (216 Points)
Replied 13 November 2018

Can u please share me a copy of this provision specifically written about advertisement expenditure ??

Uday Rathi (133 Points)
Replied 13 November 2018

There is no provision for each and individual expenditure. Sectio 40A(3) covers all revenue expenditures whose individual payment in a day exceed Rs 10000

1 Like

jasmeet singh (220 Points)
Replied 13 November 2018

no this is not a specific provision regarding advertisement

Upgrade to CAclubindia Pro. Subscribe Now!

CA Vj Gupta (24 Points)
Replied 13 November 2018

Income tax act, use expenses or payment not specified to particular expense, u hv to apply accordingly...... Tds Al'so mandatory subject to limit

Jaisika Kukreja (216 Points)
Replied 13 November 2018

In CS study mat advertisement expenditure in cash excess of 10000 is allowed n it is given

ajay (Student) (178 Points)
Replied 13 November 2018

Kindly share that image

Jaisika Kukreja (216 Points)
Replied 13 November 2018

there is no option of sharing files

rama krishnan (12244 Points)
Replied 13 November 2018

I endorse the view Mr. ajay

Upgrade to CAclubindia Pro. Subscribe Now!

Nitesh bind (Student CA Final ) (12692 Points)
Replied 14 November 2018

Disallowed under Section 40A(3). And as far as CA /CS study material are concerned there are times when mistakes can be found in that very easily. Don't worry about that.