24 July 2008
As per the rule 6DD(k) payment made by any person to his agent who is required to make payment in cash for goods or services on behalf of such person is not covered U/S 40A(3).
My question is the if the aforesaid agent makes cash payment above Rs. 20000, then weather such expenditure is allowed or not?
25 July 2008
Allowed to whom? Agent? If the payment is within the scope of Rule 6DD, yes.
Guest
Guest
(Querist)
25 July 2008
No my question is that if agent makes payment on behalf of priciple more then 20000 in cash then weather such amount will be allowed as deduction to the principle while computing his income U/S 28.
CAclubindia
