banner_ad

Overriding concept between two sections 115BAA and 40A(3)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 June 2025 Dear Experts,

A company is following the section 115BAA of the Income Tax Act.

Unfortunately, the company has remitted the amount Rs 70,000.00 in cash to the transporters.

Whether will it be accepted one? Or not

Is there any overriding concept between two sections 115BAA and 40A(3)
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
12 June 2025 Companies opting for Section 115BAA must comply with all other provisions of the Act unless specifically exempted. There is no exemption under 115BAA from the restrictions of Section 40A(3).

A company following Section 115BAA that makes a cash payment over the limit set by Section 40A(3) will still have that expense disallowed, just like any other company.

There is no statutory provision or judicial precedent that allows Section 115BAA to override the requirements or disallowances under Section 40A(3).
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
27 September 2025 Good luck..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details