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section 40(a) 3, 269 ss,269t

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2015 Dear sir
please let me know as to whether we can purchase of Rs 20000 or more and make payment in part in different dates .
Whether it will be allowed or not
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2015 if it exceeds 20000 in a single day then sec 40A3 shall be attracted
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2015 BILL IS OF 480000
AND PAYMENT IS SHOWN AS 19900 IN CASH IN DIFF DATES.
WILL IT BE ALLOWED
OR BILL OF MORE THAN 20000 SHOULD NOT BE SETTLED IN CASH
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2015 in 1 st case allowed as below 20,000
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2015 THEN THESE CAN BE manupulated AT ANY TIME
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2015 yes there is limit of 20,000 so divide the payment in diferrent dates below 20,000
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