Section 40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2015
According to act, Payment above Rs.20000 to a single person in a day shall be disallowed under income tax.
if i want to made a payment of rs. 25000
to a person, can i issue 2 different bills of rs.19000 and rs.6000
section 40A(3) shall be allowed or not on above point. plssssss clarify
if i want to made a payment of rs. 25000
to a person, can i issue 2 different bills of rs.19000 and rs.6000
section 40A(3) shall be allowed or not on above point. plssssss clarify
CA Himanshu Ojha
(Expert)
19 June 2015
Aggregate Payment has to be seen: Even if a person makes more than one different purchases for cash from same person in excess of Rs. 20000 in a single day even though on separate cash memos, such aggregate payment will be disallowed u/s 40A(3).
In your case the transaction will be covered by section 40A(3) and such expenditure will be disallowed.
In your case the transaction will be covered by section 40A(3) and such expenditure will be disallowed.
Message likes :
3 times
Ankur Singhal
(Expert)
20 June 2015
agree with himanshu
pay amount in 2days
pay amount in 2days
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- 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
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
