section 40 A(3) want details
This query is : Resolved
CA Balram Sharma
(Expert)
19 December 2009
if you paid expense in cash more than rs 20000 for a person in a sigle day,
sectiion will attract
sectiion will attract
19 December 2009
Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, exceeds twenty thousand rupees, no deduction shall be allowed in respect of such expenditure.
- Sec. 40A(3)
- Sec. 40A(3)
CA Balram Sharma
(Expert)
19 December 2009
expesse will not allowed as dedution
Murtaza I Bhagat
(Expert)
19 December 2009
simple no cash transation in a day to one party for rs.20000/- if done amount will be disallowed
CMA Ramesh Krishnan
(Expert)
19 December 2009
Sec.40A(3) Will attract if the Payment made more than Rs.20000/- by cash or other than account Payee followig points are also to be considered
1.even payment made to one party in a single day more thanr one time ( agregate value more than Rs.20000/- sec.40A(3) will attract
but you are making a payment for two or more bills this section will not attarct unless the single bill exceeds Rs.20000/-
1.even payment made to one party in a single day more thanr one time ( agregate value more than Rs.20000/- sec.40A(3) will attract
but you are making a payment for two or more bills this section will not attarct unless the single bill exceeds Rs.20000/-
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
- Depreciation Chart Companies Act
- 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
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- 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
