Section 40a(3)
This query is : Resolved
VARUN GUPTA
(Querist)
06 September 2012
if company give advance to creditor in cash for Rs.40000 and bill is not credited in that year . Will it be disallowed because of cash payment more than 20000?
CA Ayush Agarwal
(Expert)
06 September 2012
Yes, Disallowance is in The Next Year in Which You Book Purchase
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VARUN GUPTA
(Querist)
27 September 2012
and what about for current year?
CA Ayush Agarwal
(Expert)
27 September 2012
No Effect in Current Year.
Only Advance to Creditors Will Stand in Balancesheet
Only Advance to Creditors Will Stand in Balancesheet
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