cash payment
This query is : Resolved
08 February 2009
i made an expenditure of 30000 as per details below
20000 on 01/01/09
10000 on 01/01/09
will this will be allowed?
would it make any difference i i had incurred this on 01/01/08
20000 on 01/01/09
10000 on 01/01/09
will this will be allowed?
would it make any difference i i had incurred this on 01/01/08
08 February 2009
If you have spent on 1-1-09 the entire expenditure will be disallowed as per the ammeded section 40A(3) of it act as ammended by finance act 2008.
If you have spent on 1-1-08 then 20% of expenditure ie 6000 will be disallowed.
If you have spent on 1-1-08 then 20% of expenditure ie 6000 will be disallowed.
08 February 2009
If you have spent on 1-1-09 the entire expenditure will be disallowed as per the ammeded section 40A(3) of it act as ammended by finance act 2008.
If you have spent on 1-1-08 then 20% of expenditure ie 6000 will be disallowed.
If you have spent on 1-1-08 then 20% of expenditure ie 6000 will be disallowed.
09 February 2009
Agreed.
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