Disallowance u/s 40 a (ia)
This query is : Resolved
27 March 2008
Assessee makes payment for transportation charges for carrying machinery from the place of manufacturer to his own place Rs.250000/- and TDS not deducted on payment.
What will be the effect u/s 40 a (ia)?
What will be amount of dis allowance because assessee has capitalized the transportation charges in machinery account?
What will be the effect u/s 40 a (ia)?
What will be amount of dis allowance because assessee has capitalized the transportation charges in machinery account?
28 March 2008
Nothing will be disallowed u/s 40(a)(ia) because this section clearly speaks about expenditure and you have capitalised your transportation cost & not charged to profit & loss account.
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
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- 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
