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Section 40a (3)

Kamal Verma (Financial advisor) (588 Points)

25 August 2017

Dear Expert,

Kindly advise wheter payment made to Paschimanchal Vidyut Vitran Nigam Limited in excess of Rs. 20000 in cash is allowed u/s 40A(3) of Income Tax Act.

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8 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 25 August 2017

Not allowed...... Read section 40A(3) alongwith Rule 6-DD, of I T Act.......

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amar delo (article assistant) (115 Points)
Replied 25 August 2017

since its payment to govt payment made is allowed

Dixit (CA Final) (2405 Points)
Replied 25 August 2017

Originally posted by : Kamal Verma
	Dear Expert, Kindly advise wheter payment made to Paschimanchal Vidyut Vitran Nigam Limited in excess of Rs. 20000 in cash is allowed u/s 40A(3) of Income Tax Act.

Agree With Dhiraj Sir,

And also one thing I would like to say that at the time of electricity bill payment they do not have a power to accept more then Rs. 10000 in cash. If more than Rs. 10000 Payment then they can accept only cheque or any other electronic mode.

amar delo (article assistant) (115 Points)
Replied 25 August 2017

but there is an exemption in

Antônia Rios (8 Points)
Replied 25 August 2017

certaintly information totally correcto payment totally via TAX,but not realization of payment in the moment. But localization in the Toronto with AMAZON,bening and beyance.