section 40(A) (3)
This query is : Resolved
23 July 2010
Since payment of expenses >20,000/- as covered by sec. 40(A)(3).
NOW PLEASE TELL ME WHETHER PAYMENT OF >20,000/- BY "CREDIT CARD/ DEBIT CARD"
IS ALSO COVERED BY THE SECTION
or SOME EXCEPTION HAVE BEEN MADE.
NOW PLEASE TELL ME WHETHER PAYMENT OF >20,000/- BY "CREDIT CARD/ DEBIT CARD"
IS ALSO COVERED BY THE SECTION
or SOME EXCEPTION HAVE BEEN MADE.
CA. Anoop Gadia
(Expert)
23 July 2010
more than 20000 paid by cash are disallowed but if payment made by credit card is not covered by this section.
Ref. Exceptions of sec. 40 (A) (3).
Ref. Exceptions of sec. 40 (A) (3).
Ram Avtar Singh
(Expert)
23 July 2010
in case of tranporter you can pay up to 35000/=
payment made by credit card is not covered by this section.
payment made by credit card is not covered by this section.
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 Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
