Sec 40a (3)
This query is : Resolved
10 May 2012
fact of the case
one bill rs 12500
Second bill Rs 12500
whole payment of Rs 25000 was made on single day in cash.
deduction will be allowed or not ?
one bill rs 12500
Second bill Rs 12500
whole payment of Rs 25000 was made on single day in cash.
deduction will be allowed or not ?
10 May 2012
Deduction will not allowed for the entire expenditure if the aggregate of payment made to a person in day in cash.
10 May 2012
If bill dates are different then payment shall be allowed otherwise disallowed
10 May 2012
If the bills are different, even if the payment made to a person in a single day exceeds Rs. 20,000, then it is tax deductible.
10 May 2012
if bills dates are same,then it will be allowed or not ?
10 May 2012
No it will not be allowed as the payment is made in excess of Rs. 20000 per day in cash.
Message likes :
1 times
10 May 2012
Even if bill dates are same, it will be allowed. But the condition is bills has to be different.
10 May 2012
If the payment is made in a day then it will be disallowed.
Earlier it was bill wise, which was amended lateron to make it per day.
Earlier it was bill wise, which was amended lateron to make it per day.
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
