Applicability of sec40A(3) 1 day 1bill but does not exceed 20000,,,,
therefore ,,u have 2 bill both does not exceed 20000.
hence sec40A(3) does not applicable..
both the expense are allowed
VIKAS SHARMA
(ARTICLESHIP(IPCC))
(55 Points)
Replied 27 December 2010
Applicability of sec40A(3) 1 day 1bill but does not exceed 20000,,,,
therefore ,,u have 2 bill both does not exceed 20000.
hence sec40A(3) does not applicable..
both the expense are allowed
swathi
(Accounts Officer)
(349 Points)
Replied 27 December 2010
Single or aggregate payments in respect of allowable expenditure in excess of Rs.20,000 other than by way of A/c payee cheque or A/c payee demand draft to a single person on a single day.
Sudharsan
(Article, CA Final)
(39 Points)
Replied 28 December 2010
Dear Friends, 40A(3) is about disallowance of expenditure, for payment by cash, in a single day to a person, an amount exceeding Rs. 20000/-. The section does not talk about whether the payment is made for the same nature of expenditure or expenditures of different natures. Therefore, even if payment exceeding Rs. 20000/- is made for different bills or different kinds of expenditures, if the payment is made to a single person, the amount so paid, which will otherwise be allowed as expense will be disallowed.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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