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payment exceeds RS.20000

This query is : Resolved 

14 May 2010 my query is:
can a cash payment be made for more than 20000/- on account of octroi on a single day-will the disallowance u/s 40A(3),will come into effect?

pls its urgent to be answered .


14 May 2010 yes. will be disallowed.

14 May 2010 Will not be disallowed under section 40 A(3). Refer rule 6DD(b) and CBDT Circular No.34 dated 05/03/1970.

14 May 2010 It is not disallowed . I agree with chakrapani sir

14 May 2010 Agreed with Chacrapani Ji.
Payment of octroi related to Govt. due, hence it is allowed as per rule 6DD.

14 May 2010 wont be disallowed....

14 May 2010 not disallowed.

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