Section 40a(3)
This query is : Resolved
06 August 2014
Whether cash Payments for Purchases exceeding Rs 20000/- to be disallowed?
and what if cash sales exceeding Rs 20000 and amount to be received on a single day with a single bill?
Applicability of above section for Drawings and in case of expenses which are paid to Govt. like electric expenses etc.
and what if cash sales exceeding Rs 20000 and amount to be received on a single day with a single bill?
Applicability of above section for Drawings and in case of expenses which are paid to Govt. like electric expenses etc.
06 August 2014
for sales there is no such restriction and only for exp the restriction applies for 20,000 disallownace
Message likes :
1 times
07 August 2014
payment made to govt is not covered under the disallowance as per Rule 6DD.
However, I am not sure if discoms are covered under govt.
However, I am not sure if discoms are covered under govt.
Message likes :
1 times
07 August 2014
What in case of cash purchases exceeding 20000/-
07 August 2014
cash purchases would normally be disallowed unless covered under Rule 6DD
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
