sec 40 A(3)
This query is : Resolved
27 July 2008
my question realtes to PAYMENT UNDER SEC 40 A(3).when purchase is made from cultivators who are numerous in number and purchase is made under credit .in that case how to show purchase entry by not entering all names as it is quite in numbers for each day.
like wise payment to them is also in cash as they are having no bank account .so does sec 40 A(3) attracts as payment is after some days not at the time of purchase. and how to show payment made to them.
like wise payment to them is also in cash as they are having no bank account .so does sec 40 A(3) attracts as payment is after some days not at the time of purchase. and how to show payment made to them.
28 July 2008
You have not mentioned who is the payer and what is the business of the payer.
28 July 2008
PAYER IS A PVT LIMITED COMPANY AND PAYMENT IS MADE TO CULTIVATORS IN NUMBERS.BUT NOT ON SAME DATE
31 July 2008
If that be the case, you have no option but to ask cultivators to open bank account. Only if there are no bankers in that area, you can pay cash.
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