Section 40a(3) of income tax act
This query is : Resolved
Querist : Anonymous
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
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
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
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.
TDS has nothing to do with this.
Rupesh Jain
(Expert)
17 June 2015
you have to pay the amount with a/c payee cheque other wise exp will be disallow
Rupesh Jain
(Expert)
17 June 2015
you have to pay the amount with a/c payee cheque other wise exp will be disallow
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
