Regarding Section 40A

This query is : Resolved

ABHI KUMAR (Querist)
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27 April 2025 BILL PURCHASE DATED 15-3-25
AMOUNT 16000

CASH PAID DATED 17-3-25 AMOUNT= 9000
CASH PAID DATED 18-3-25 AMOUNT= 7000
IS ALLOWE OR NOT IN INCOME TAX RULE

THANKS IN ADVANCE

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 April 2025 If an assessee makes payment of a single bill (exceeding Rs. 10,000 / Rs. 35,000) on different days to the same person in cash, provision of sec. 40A(3) is not attracted, provided any of the payment does not exceed Rs. 10,000 / Rs. 35,000.

Read more at: https://taxguru.in/income-tax/section-40a3-3a-restrictions-cash-expenditure-capital-revenue.html

ABHI KUMAR

ABHI KUMAR (Querist)
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27 April 2025 OK SIR MANY MANY THANKS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 April 2025 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 September 2025 Good luck.....

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