SECTION 40 A (3)
This query is : Resolved
26 July 2010
whether payment made to RTO for registration of vehicle in excess of Rs.20,000/- whether it is covered under exception of payment made to state government or not.
as per rule 6DD(d) payment made by book adjustment by an assessee in the account of the payee against money due to the assessee for any goods supplied or service rendered by him to the payee.
can u explain this rule with example.
as per rule 6DD(d) payment made by book adjustment by an assessee in the account of the payee against money due to the assessee for any goods supplied or service rendered by him to the payee.
can u explain this rule with example.
Ram Avtar Singh
(Expert)
26 July 2010
RTO for registration of vehicle not attract 40a(3)
mohinder kansal
(Expert)
26 July 2010
payment made for registration of vehicle is added to the cost of vehicle and payments made for acquiring fixed assest are not hit by section 40A(3)
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