CASH RECEIVED FROM DIRECTORS AND PARTNERS
This query is : Resolved
14 July 2009
DEAR SIR/MADAM
CASH RECEIVED IN COMPANY BY ITS DIRECTORS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE
CASH RECEIVED FROM PARTNERS IN PARTNERSHIP FIRM I.E. LIKE CAPITAL INTRODUCED IS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE
CASH RECEIVED BY PARTNER IN TO FIRM ITS MEAN- CAPITAL INTRODUED
CASH RECEIVED FROM DIRECTORS IN COMPANY IS WHAT I.E. LOAN FROM DIRECTORS OR SUNDRY CREDITOR. PLEASE TELL
THANKS IN ADVANCE
CASH RECEIVED IN COMPANY BY ITS DIRECTORS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE
CASH RECEIVED FROM PARTNERS IN PARTNERSHIP FIRM I.E. LIKE CAPITAL INTRODUCED IS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE
CASH RECEIVED BY PARTNER IN TO FIRM ITS MEAN- CAPITAL INTRODUED
CASH RECEIVED FROM DIRECTORS IN COMPANY IS WHAT I.E. LOAN FROM DIRECTORS OR SUNDRY CREDITOR. PLEASE TELL
THANKS IN ADVANCE
16 July 2009
Sec 40A(3) describes payment of expenses by the company in cash for more than Rs. 20,000/-. In the cases cited above the company and the firm are not paying the amount rather they are receiving the same. So no question of disallowance comes into picture.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
