Cai I pay in Cash more than inr 20,000/- towards repayment of Share application money?
Menu
Section 40a(3) cash payment morethan rs 20000/-
Replies (2)
Hi Phani,Even if you pay the same by cheque,you won't be allowed to claim the same as business expense.
Absolutely, this is not a business expenses, only a refund of excess money u have took and also as per sec. 36 to 37 there is no such provision is there for this. So, u can't calim deduction for such refund as business expenses.
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
