Disallowance of Expenses
This query is : Resolved
charudatta
(Querist)
28 November 2008
If an assessee makes cash payment against commission expenses which exceed Rs.20,000/- & TDS also not deducted thereon.
whether such expenses are disallowed under both section i.e. 40(a) & Rule 6DD?
whether such expenses are disallowed under both section i.e. 40(a) & Rule 6DD?
chetan soni
(Expert)
28 November 2008
Yes, as per sec 40(a) & rule 6 DD it is disallowed subject to some exceptions.
charudatta
(Querist)
28 November 2008
May i know what are exceptions?
CA Pawan Goswami
(Expert)
28 November 2008
It will not be disallowed under both sections.It will be disallowed either u/s 40(a) or 40A(3).
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