40a3
This query is : Resolved
25 November 2009
i want to clear the doubt abt sec 40a3.my query is
if A makes payment of suppose Rs 53000 in respect of invoices of Rs 18000 , 17000 , 18000 at different dates to B
so can the deduction be allowed and plz z refer the case related to it. thank u
if A makes payment of suppose Rs 53000 in respect of invoices of Rs 18000 , 17000 , 18000 at different dates to B
so can the deduction be allowed and plz z refer the case related to it. thank u
25 November 2009
Dear Chayan
if payment in a single day Exceeds Rs. 20000 to single party then whole of such expenditure will be disallowed.
but in your case A makes payments to B at different dates, also none of the payments exceeds Rs. 20000/- so nothing will be disallowed
if payment in a single day Exceeds Rs. 20000 to single party then whole of such expenditure will be disallowed.
but in your case A makes payments to B at different dates, also none of the payments exceeds Rs. 20000/- so nothing will be disallowed
Aditya Maheshwari
(Expert)
25 November 2009
Whole expenses allowable
25 November 2009
agree
Murtaza I Bhagat
(Expert)
25 November 2009
yes allowable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
