sec 40A (3)

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professional
58 Points Joined August 2007
Can we make payment to third party by account payee cheque(e.g.goods purchases from abc ltd & payment made to xyz ltd by account payee cheque)
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On 15 September 2007 at 19:14 Report
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Student (articled Trainee)
19 Points Joined June 2007
Good Day!! Can you be clear on the question are you talking about cash / crossed cheque payment or Account payee cheque. If you are making payment thru account payee cheque then there are no problem. Regards, Sunil Keep Smiling
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On 16 September 2007 at 01:17
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Chartered Accountant
4772 Points Joined March 2007
Yes
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On 16 September 2007 at 11:24
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CA
321 Points Joined July 2007
Yes, this type of entries are called adjustment entries.Care should be taken that this type of payment should be made by PAN holders only.
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On 16 September 2007 at 19:14
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Article (Final Result waited)
391 Points Joined August 2007
yes u can do
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On 18 September 2007 at 11:49


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