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Disallowance u/s 40a(3) and 40(a)

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(Querist)
23 August 2016 Hii all,

If the expense say professional fee paid of Rs.90,000 through cash then it is disallowed under 40A(3) or 40(a)...??

Thanks,
Vijay Mariyala
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
23 August 2016 I guess your query is incomplete but even then please note the amount shall be disallowed u/s 40A(3)..
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vijay mariyala

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vijay mariyala (Querist)
24 August 2016 Hi...
I meant that if the professional fees paid through cash of Rs. 90000 and also no tds has been deducted, then is it disallowed as per sec 40A(3) as payment exceeding Rs. 20000 or as per 40a(ia) for non deduction of tds...



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Yogesh Agarwal

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Yogesh Agarwal (Expert)
24 August 2016 Disallowance shall be made u/s 40A(3) and consequence of non deduction of TDS shall be initiated like interest, penalty etc..

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