Payment in cash more than rs. 20000 for diesel in a day
This query is : Resolved
30 June 2015
Hi,
Please tell me our company is purchased diesel for more than Rs. 20000/- in cash on site in single day from common petrol pump for genset. Is it disallowed? Payment made for electronic work for more than Rs. 20000/- is allowed or disallowed? Our company is a construction company.
Please tell me our company is purchased diesel for more than Rs. 20000/- in cash on site in single day from common petrol pump for genset. Is it disallowed? Payment made for electronic work for more than Rs. 20000/- is allowed or disallowed? Our company is a construction company.
CMA Ramesh Krishnan
(Expert)
30 June 2015
Yes. it will be disallowed u/s.40A(3), since the cash expenses more then Rs.20000
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
