Hello
if payment is made rs 10,000/- in f.y.2017-18
then it will disallowed or not(40A(3))
40A(3) is applicable from 01.04.2017 so any expense in cash above 10k will be disallowed expense.
Better break expenses.
Amit Gupta (navi mumbai ) (152 Points)
14 July 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 14 July 2018
40A(3) is applicable from 01.04.2017 so any expense in cash above 10k will be disallowed expense.
Better break expenses.
Amit Gupta
(navi mumbai )
(152 Points)
Replied 14 July 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 14 July 2018
Above 10k is not allowed
So if its exact 10k then its allowed
Amit Gupta
(navi mumbai )
(152 Points)
Replied 14 July 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 14 July 2018
any expenses more than 10k is disallowed
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
