shruthi.v.ramu (Senior Associate @ Grant Thronton US) (72 Points)
28 May 2012Hi
i wanted to know cash payment made to sub registrar exceeding Rs 20000 whether this will attract section 40 (A) 3 disallowance??
kindly clarify the doubt as soon as possible
Thanks & Regrads
AMAR SAMPAT
(ca final cum SERVICE)
(100 Points)
Replied 28 May 2012
NO DISALLOWANCE IS ATTRACT IF PAID TO GOVERNMENT AS PER RULE 6DD OF INCOMETAX RULES
https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2001ITAct/rules2001/rules006dd.htm
THIS IS THE LINK OF THE RULE 6DD
vishal saxena
(student)
(36 Points)
Replied 07 June 2012
kindly help me in regard that wheather single payment in a day exceeding Rs. 20000 for cement purchase for building construction would attract the provision of section 40A(3) of income tax Act 1961.
Thanks
VISHAL SAXENA.
CAclubindia
