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
http://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
http://www.simpletaxindia.net/2010/04/electricity-bill-paid-in-cash-40a3.html
Refer above article and come to opinion whether to allow or disallow
Message likes :
1 times
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Forgot to update debit note in gst
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Ca final exam registration may-26
- Accounting Policies changes
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- GST ON FOREIGN CLIENT
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
