Disallowance of expenditures
This query is : Resolved
28 August 2023
One of our client paid rent of RS.25000 per month ( Total rent paid in a year : 300000) by cash mode to single party during year. Here this rent expenditure is disallowed under section 40(a)(3) as he paid rent of 25000 to single party which exceeds the limit of 10000. In addition this rent expenditure also disallowed @ 30% in section 40(a)(1a) as TDS not deducted on rent payment.
So what is the total amount of disallowance.
A) 300000
B) 390000
C) 90000
D) 0
Please give your answer to above question.
Thank you.
So what is the total amount of disallowance.
A) 300000
B) 390000
C) 90000
D) 0
Please give your answer to above question.
Thank you.
28 August 2023
It's 3,90,000 disallowed.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- UDIN ISSUE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
