Lalit Nyati
Student
[ Scorecard : 142]
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Posted On 15 June 2012 at 12:55
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cash payment more than of Rs.20,000 not allowed to one person one day for expenses,
but it is allowed for make Demand Draft...
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Ashish Porwal
article
[ Scorecard : 69]
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Posted On 15 June 2012 at 13:27
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*Siddharth Bumb*
B.Com CA Final CS Professional
[ Scorecard : 3319]
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Posted On 15 June 2012 at 13:37
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cash payment in excess of Rs 20000 is not allowed, however as per my knowledge payment through Demand draft is allowed....
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CA PRAVEEN SINGH
MANAGER ACCOUNTS
[ Scorecard : 2221]
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Posted On 15 June 2012 at 15:07
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YES..
READ EXCEPTION OF SEC 40 A(3)
Rule 6 DD
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CA PRAVEEN SINGH
MANAGER ACCOUNTS
[ Scorecard : 2221]
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Posted On 15 June 2012 at 15:09
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YES..
READ EXCEPTION OF SEC 40 A(3)
Rule 6 DD
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DEEPAK ROHERA
Senior Accountant
[ Scorecard : 168]
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Posted On 15 June 2012 at 15:41
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DEEPAK ROHERA
Senior Accountant
[ Scorecard : 168]
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Posted On 15 June 2012 at 15:43
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YOUR R RIGHT BUT CASH PAYMENT TO A TRANSPORTS IS ALLOWED 35000
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Janani Subramanian
student
[ Scorecard : 124]
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Posted On 15 June 2012 at 16:07
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Section 40 A(3); Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draft exceeds Rs 20,000/- no deduction shall be allowed in respect of such expenditure. Hence demand draft is excluded from the purview of 40 A(3).
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Janani Subramanian
student
[ Scorecard : 124]
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Posted On 15 June 2012 at 16:18
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Section 40 A(3); Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draft exceeds Rs 20,000/- no deduction shall be allowed in respect of such expenditure. Hence demand draft is excluded from the purview of 40 A(3).
Total thanks : 2 times
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Ashish Porwal
article
[ Scorecard : 69]
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Posted On 15 June 2012 at 17:36
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YES..
READ EXCEPTION OF SEC 40 A(3)
Rule 6 DD
Total thanks : 1 times
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