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.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
