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 .
darshi
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 .
darshi
14 May 2010
yes. will be disallowed.
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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.
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CA KISHORE VANAMA
(Expert)
14 May 2010
It is not disallowed . I agree with chakrapani sir
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14 May 2010
Agreed with Chacrapani Ji.
Payment of octroi related to Govt. due, hence it is allowed as per rule 6DD.
Payment of octroi related to Govt. due, hence it is allowed as per rule 6DD.
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CA Ravi Sisodia
(Expert)
14 May 2010
not disallowed.
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