40a(3)
This query is : Open
CA dhanpat raj
(Querist)
18 June 2014
whether sec.40A(3) apply on trust & charitable institution ?
18 June 2014
Yes It is applicable .Exemption to rule 40A(3)given only in rule 6 DD. \
There is no specific exemption for Trust/Charitable Institutions.
There is no specific exemption for Trust/Charitable Institutions.
Rupesh Jain
(Expert)
18 June 2014
yes, all section for tds/limit of payment are applicable to all assesse.
CA dhanpat raj
(Querist)
21 June 2014
cash payment in excess of 20000 may be made by trust ?
CA dhanpat raj
(Querist)
21 June 2014
because trust have no business activity.
whether BUSINESS HEAD for EXPENSE point of view not apply?
whether BUSINESS HEAD for EXPENSE point of view not apply?
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