amendment in section 40A(3)
This query is : Resolved
25 March 2009
Please explain recent amendment in sec 40A(3)with example
25 March 2009
Payment made in a day otherwise then by account payee cheque will be disallowed.
Ex. Bill No. 4123: amounting Rs.34,000.
You apid 18,000 on 25/3/09 at 10:00 am and balance 16,000 on 25/3/09 at 4:00 pm.
Although payment made at a time is less then 20,000 for single bill but in a day for single bill exceeding Rs.20,000. therefore complete payment will be disallowed.
Ex. Bill No. 4123: amounting Rs.34,000.
You apid 18,000 on 25/3/09 at 10:00 am and balance 16,000 on 25/3/09 at 4:00 pm.
Although payment made at a time is less then 20,000 for single bill but in a day for single bill exceeding Rs.20,000. therefore complete payment will be disallowed.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
