Section 40a(3) - electricity payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2013
Dear Sir,
a) Whether electricity payment made to TNEB by cash (> 20K)attract section 40A(3)?
b) Since the cheque paid to TNEB was dishonoured on two occassions, the party was asked to make payment through cash? whether in this case also 40A(3) applies? Pls reply
a) Whether electricity payment made to TNEB by cash (> 20K)attract section 40A(3)?
b) Since the cheque paid to TNEB was dishonoured on two occassions, the party was asked to make payment through cash? whether in this case also 40A(3) applies? Pls reply
27 August 2013
The ans is yes if exp made in excess of 20,000 in a 1 single day sec 40A(3) will be attracted and will be disallowed.
27 August 2013
Vexed issue!!!
Let me tell you the payment is technically covered in Sec.40A(3) and attracts disallowance,,But,
It was allowed in some cases
.
.
Refer
https://www.simpletaxindia.net/2010/04/electricity-bill-paid-in-cash-40a3.html
Refer above article and come to opinion whether to allow or disallow
Let me tell you the payment is technically covered in Sec.40A(3) and attracts disallowance,,But,
It was allowed in some cases
.
.
Refer
https://www.simpletaxindia.net/2010/04/electricity-bill-paid-in-cash-40a3.html
Refer above article and come to opinion whether to allow or disallow
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