27 October 2021
Rs 40,000/= paid to society in cash for NA Applications... while selling plot, is deductible as Exp or to consider cost of land... any problem for paid in cash ?
29 October 2021
First of all society cannot take NA charges, as it is the revenue authority who can charge for that. If it it contribution collected from all the members, no problem if proper receipt provided by society.
29 October 2021
Yes right, but Socty organized and paid to Authority...and collected from members. Official recept given..when paid in Cash will be allowed as Exp or to capitalise as cost ???🙏🤔
CAclubindia
