Disallowance u/s 40a(3)
This query is : Resolved
08 October 2012
Are payments made to Electricity Department for Electricity Consumption and payments made to Agriculture Market Committee as cess for purchase of Agriculture produce @ 1% on purchase value of produce attract 40A(3) disallowance.
08 October 2012
Payment of electricity bill will be disallowed u/s 40A(3) as it is not a payment to government.
Sec 40A(3) will not be applicable if the payment is made to primary agriculture credit society.
Sec 40A(3) will not be applicable if the payment is made to primary agriculture credit society.
08 October 2012
As per Rule 6DD The above said payments are exempted to Section 40A(3).
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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