04 September 2013
can a debtor of the client make payment to the creditor of the client directly and debit our account for the same. are provision of sec 40A(3)applicable and its implication
05 September 2013
55(e) where the payment is made by way of adjustment against the amount of any liability incurred by the payee for any goods supplied or services rendered by the assessee to such payee .
05 September 2013
the debtor creditor adjustment you are talking is between the assessee and his creditor. i want to ask A debtor of B assesseee makes payment to C creditor of B and debit B's account in his books. whether provision of sec 40A(3) applies.
CAclubindia
