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
17 June 2015
Yes it will b dear... then how you issues the cheque...is it for self or what
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.
17 June 2015
you have to pay the amount with a/c payee cheque other wise exp will be disallow
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
