40 (A) 3
This query is : Resolved
09 May 2011
One printing and statinoary bill of Rs.25000/-
If I pay Rs.5000 on 5 differents dates whether expenditure is allowed u/s 40(A)3, because section says cash payment exceeds Rs,20,000.
If we book some travel agency for 25 seats, (but bus capacity is of 40 seat & it carries other passanger also, i.e 15) whether it will come under hiring services and limit u/s 40(A)3 will Rs.35000
If I pay Rs.5000 on 5 differents dates whether expenditure is allowed u/s 40(A)3, because section says cash payment exceeds Rs,20,000.
If we book some travel agency for 25 seats, (but bus capacity is of 40 seat & it carries other passanger also, i.e 15) whether it will come under hiring services and limit u/s 40(A)3 will Rs.35000
13 May 2011
1. You can pay Rs.5000 on different dates. It wont be disallowed u/s 40A(3)
2. Hiring does not mean passenger vehicles. It is related to goods carriers. So the limit of Rs. 35000 is not applicable in your case.
2. Hiring does not mean passenger vehicles. It is related to goods carriers. So the limit of Rs. 35000 is not applicable in your case.
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