Cash payment exceeding rs 20000 under rule 6dd
This query is : Resolved
15 September 2014
Dear Experts
Whether cash payments exceeding Rs 20000 paid to Kerala Electricity Board towards monthly Charges is allowable for Tax Audit
Rgds
Whether cash payments exceeding Rs 20000 paid to Kerala Electricity Board towards monthly Charges is allowable for Tax Audit
Rgds
15 September 2014
the ans is no..........................its disallallowed
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15 September 2014
Sir
Kindly note that Kerala State Electricity Board(KSEB) is a statutory body of Kerala Goverment and in such a case whether the disallwance is necessary?
Rgds
Kindly note that Kerala State Electricity Board(KSEB) is a statutory body of Kerala Goverment and in such a case whether the disallwance is necessary?
Rgds
15 September 2014
only payment made to central or state government is covered by rule 6dd.
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15 September 2014
Tushar is correct that electricity board is not covered within the definition of govt. However, such payments have been often allowed in cases such as Trivedi Corpn. Pvt. Ltd., Mumbai vs Assessee on 11 January, 2010 (ITA Nos.2844 & 2845/AHD/2006).
So, kindly refer to this case and check whether you can use this for defending your position
So, kindly refer to this case and check whether you can use this for defending your position
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16 September 2014
Thank you Sir
Infact this kind of knowledge what we desired.
Rgds
Infact this kind of knowledge what we desired.
Rgds
16 September 2014
you are welcome Jayakumar...
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