As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).

My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?

Thanks

Kunal Agrawal
kunalagrawal@aol.in
+91-99295-03735

As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).

My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?

Thanks

Kunal Agrawal
kunalagrawal@aol.in
+91-99295-03735

As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).

My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?

Thanks

Kunal Agrawal
kunalagrawal@aol.in
+91-99295-03735

Hi

asked this question under your forum, but didnt get many reponses, so putting it here. Sorry, if this is not the right place.

My company gives me the option of "Fuel and Maintenance" of upto Rs. 1,50,000/- per annum in my CTC.On showing proper bills every month, I get this money in my salary (as a part of CTC ofcourse) and this Rs.1,50,000/- is not taxable. My questions are following:

1) They have deducted amount of Rs. 10,200/- as FBT @ 6.80%. Is this correct (the %age of 6.80)?

2) I gave them a bill(cash memo) of Rs. 13,500/- from an authentic repair center which was just labour and denting work. But the bill didn't have any CST or service tax number. My company rejected the bill on the ground that it is not having CST number. Is a bill not considered authentic till it has CST number?? If they are not correct, could you please tell me the law under which this bill is authentic??

3) Going through topics on these websites only, can I give my insurance premium bill also under this category (under wat law) ??

4) Again, in the topics, there is provision for salary of the driver also. How can I show this as a part, as there will be no bill for this.

Any help would be appreciated, and if you can tell me the section and law also, so I can at least say something to the company people.

Thanks

Gagandeep Bajaj

(Software Engineer)

A firm pays excise duty on ayurvedic medicines based on Qty manufactured
is there is any monthly/quaterly/yearly Return to be filed with excise authorities

please tell me how the interest received on fixed deposits or term deposits from banks is dealt in I.T return of an individual if the same(interest) is reinvested(or included)in the f.d amount and the f.d.is extended for another term(say extended for another 5 yrs)......also for which year and when the interest income will be recognized......pl mail me at rishabh_mishra35@yahoo.com

Whether the unit falling under any of these sections is eligible for a 100% deduction or 90% deduction? Mail me any supporting which u have on anuj4126@rediffmail.com.

Hi,
Can u tell me what further courses we can do after ca.. to have an extra edge over others.. any course within a period of say 2 years..?

Thanks

There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi)of Income Tax Act, 1961. Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?

There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi). Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?