U/s -40A(3)
This query is : Resolved
11 August 2009
HI SIR/MADAM,
ONE OF MY CLIENT PAID AGAINST A BILL OF RS.30000, TO TWO PERSONS RAM=16000,RAJA=14000 IN THE SAME DAY.THAT IS IT ALLOWABLE AS A DEDUCTION
ONE OF MY CLIENT PAID AGAINST A BILL OF RS.30000, TO TWO PERSONS RAM=16000,RAJA=14000 IN THE SAME DAY.THAT IS IT ALLOWABLE AS A DEDUCTION
11 August 2009
It allowed.
11 August 2009
U/S 40A(3) anycash payment of more than 35000/= for a single purchase of raw material or expenditure will be disallowed, in the given case invoices must be issued by two separate entities, hence will be allowed.
Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
11 August 2009
U/S 40A(3) anycash payment of more than 35000/= for a single purchase of raw material or expenditure will be disallowed, in the given case invoices must be issued by two separate entities, hence will be allowed.
Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
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