DISALLOWANCE OF PAYMENT U/S 40A(3)
This query is : Resolved
23 July 2008
1.in order to save DD commission, if a person deposits the amounts of Rs 21000/- in a banking a/c CBS, against the payments towards purchases, whether it amounts to disallowance.
CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)
CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)
23 July 2008
Yes, it will tentamount to cash payment and disallowable u/s 40A(3). Also, the exemption available as per Rule 6DD(c) shall not be available in this case.
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