Freight payment in cash u/s 40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2012
DEar Sir,
We have given a FReight in cash in the follwoing manner
01/02/2012 32500 ABC TPT CO
01/02/2012 31500 ABC TPT CO
01/02/2012 33500 ABC TPT CO
For this purpose we have takn Copy of PAN and Regsitertion Certificate of Vehicle whose no is mentioned on ABC TPT co Gr, the Owner of the Vehicle mentioned on GR of ABC TPT Co is diffrent, can this Cash Payment of Freight is allowable u/s 40A(3) or not kindly suggest
We have given a FReight in cash in the follwoing manner
01/02/2012 32500 ABC TPT CO
01/02/2012 31500 ABC TPT CO
01/02/2012 33500 ABC TPT CO
For this purpose we have takn Copy of PAN and Regsitertion Certificate of Vehicle whose no is mentioned on ABC TPT co Gr, the Owner of the Vehicle mentioned on GR of ABC TPT Co is diffrent, can this Cash Payment of Freight is allowable u/s 40A(3) or not kindly suggest
CA PARAS BAFNA
(Expert)
31 May 2012
Each GR constitute a separate expenditure and each expenditure is below Rs.35000/-.
.
Cash Payment U/s 40A(3) is allowable.
.
.
Cash Payment U/s 40A(3) is allowable.
.
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