Easy Office
LCI Learning

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.

06 August 2014 for sales there is no such restriction and only for exp the restriction applies for 20,000 disallownace

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.




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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries