Disallowances

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This discussion clarifies whether stamp duty payments exceeding Rs 20,000 to a vendor attract disallowance under Section 40(a)(3) of the Income Tax Act. It confirms that cash payments made to stamp vendors are generally exempt from this disallowance. The key point is that the vendor in this context refers to the entity receiving the stamp duty payment.

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(Querist)
23 January 2021 Whether stamp duty paid to vendor exceeding Rs 20000 attract disallowance Us 40(a)(3)
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 January 2021 Vendor here means?????
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 December 2021 No. cash payment to stamp vendor is under exempt list.
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