section 40A(3A)
Sahil Kansal (27 Points)
16 September 2017
can anybody explain this section with example
9 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 16 September 2017
Payment exceeding Rs.10,000 by otherwise than by account cheque , draft i.e by cash or bearer cheque will be disallowed if made to single person in a single day. In case the payment is made for plying, hiring or leasing of goods carriage. than Rs 35,000
Sahil Kansal
(27 Points)
Replied 16 September 2017
sir payment exceeding 20000 instead of 10000.and this amount exist in sec 40A(3)
Archit Goel
(Student)
(96 Points)
Replied 16 September 2017
Finance bill 2017 has reduced this limit to 10000
Sahil Kansal
(27 Points)
Replied 16 September 2017
ohhh sorry .m reading finance act 2016.for exam preparation..
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 16 September 2017
Are you are asking for Nov Exam or for pratice in office
Sahil Kansal
(27 Points)
Replied 16 September 2017
practice in office.and as well as exam for my article student.
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 16 September 2017
For Exam it is Rs20000 (Nov 17) & for office it is Rs10000
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 16 September 2017
Welcome Sahil Kansal Ji
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