6dd exemption
This query is : Open
Jouhar Ali
(Querist)
18 March 2016
sir,
am I required to make cash payments within 20000 for purchase of goods, to grant exemption under rule 6DD
Ankur Singhal
(Expert)
18 March 2016
Dear
If the cash payments in a day to a person does not exceeds Rs 20000/- then section 40(A)3 is not attracted.
If the cash payments in a day to a person does not exceeds Rs 20000/- then section 40(A)3 is not attracted.
Jouhar Ali
(Querist)
18 March 2016
I think you didn't got my question correctly. sorry about that.
in one of my work accountant has shown purchase of goods with bills of amounts not exceeding 20000 (I.e 19500,18000, etc...).
my question is that isn't purchase of goods included under rule 6DD Exemption?
so can't i show whole purachase value as one amount
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