Section 6 dd
This query is : Resolved
30 May 2012
sir could u please explain me the section 6dd?
And one more question , if we paid a 15000, 20000, 5000 rs. in a single day but the aggregate amount becomes above 20000 is this disallowed u/s 40a(3) ?
And one more question , if we paid a 15000, 20000, 5000 rs. in a single day but the aggregate amount becomes above 20000 is this disallowed u/s 40a(3) ?
30 May 2012
I suppose you are asking about Rule 6DD. Rule 6DD prescribes certain circumstances in which cash payments in excess of Rs. 20,000/- shall not be disallowed.
If the payments are made to the same person, Section 40A(3) is attracted and the expense shall be disallowed.
If the payments are made to the same person, Section 40A(3) is attracted and the expense shall be disallowed.
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