banner_ad

Section 40(a) (3)

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 December 2014 if any advance was given in cash for more than Rs. 20000 for the purpose of purchase or expenses in normal course of business then whether it is allowed or not under income tax act
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
22 December 2014 if its an expenditure and if it is paid to 1 single party in 1 single day.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 December 2014 for expenses, then expenses not allowed , only transporter exp will allowed upto rs. 35000/- in a day.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 December 2014 for expenses, then expenses not allowed , only transporter exp will allowed upto rs. 35000/- in a day.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 December 2014 i am asking about advance.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 December 2014 advance also will become exp hence this section is applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details