QUERY RELATED TO SECTION 40A(3)
This query is : Resolved
20 October 2007
SIR/MAM,
MY QUERY IS RELATED TO SECTION 40A(3) WHICH CASH PAYMENT EXCEEDING RS 20000
I WANT TO ASK THAT IF CASH PAYMENT IS MADE BY RELIGIOUS INSTITUTION OR TRUST EXCEEDING RS 20000 IS COVERED BY ABOVE SECTION OR NOT AND PAYMENT EXCEEDING 20000
MADE FOR PURCHASE OF CAPITAL ASSET IS COVERED BY ABOVE SECTION OR NOT.
PLEASE SOLVE MY PROBLEM AND OBLIGE.
THANK YOU
MY QUERY IS RELATED TO SECTION 40A(3) WHICH CASH PAYMENT EXCEEDING RS 20000
I WANT TO ASK THAT IF CASH PAYMENT IS MADE BY RELIGIOUS INSTITUTION OR TRUST EXCEEDING RS 20000 IS COVERED BY ABOVE SECTION OR NOT AND PAYMENT EXCEEDING 20000
MADE FOR PURCHASE OF CAPITAL ASSET IS COVERED BY ABOVE SECTION OR NOT.
PLEASE SOLVE MY PROBLEM AND OBLIGE.
THANK YOU
20 October 2007
No cash payment above Rs. 20000/- if avobe cash payment Rs. 20000/- to any person/trust/medical assistance/education assistance/Capital Assets Purchase (All Expendiure is Disallow )Authorit officer penalty in this cases if payment above Rs. 20000/- by cash
If no bank account: in this cases you arrange the payment 2 different dates
If no bank account: in this cases you arrange the payment 2 different dates
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
