Pyt allowable for more than 20,000 ?
This query is : Resolved
Dinesh K maru
(Querist)
06 June 2012
Dear Sir,
We Would like to draw your kind attrention on the fact that :
one of our client is engaged in the business of Manufacturing of Brass Scrap And
Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?
Is it allowable?
Kindly Reply as early as Possible.
Thanking You In advance.
We Would like to draw your kind attrention on the fact that :
one of our client is engaged in the business of Manufacturing of Brass Scrap And
Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?
Is it allowable?
Kindly Reply as early as Possible.
Thanking You In advance.
07 June 2012
If the payment is made otherwise than by an account payee cheque, the same shall be disallowed u/s 40A(3).
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