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Section 40a(3) of income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2015 Dear sir
payment for contract work is 25000
tds deducted -250
cheque issued-24750
my doubt is if cheque issued is not an account payee then expense will be disallowed or not
i.e Tds deducted effects 40A(3) or not.

Its urgent
with regards
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
17 June 2015 Yes it will b dear... then how you issues the cheque...is it for self or what
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Ankur Singhal

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Ankur Singhal (Expert)
17 June 2015 Expense will be disallowed as paid other than by way of accpunt payee cheque.
TDS has nothing to do with this.
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2015 you have to pay the amount with a/c payee cheque other wise exp will be disallow
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2015 you have to pay the amount with a/c payee cheque other wise exp will be disallow
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