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AMIT (Querist)

22 February 2013
1. What is PLA Register ? why it is prepared and what is the purpose of it ?

2. Payment to M/s XYZ (Chartered Accountancy firms) by cilent in cash towards payment of TDS will be disallowed under 40(A)3 ?

3. Payment Towards "Steam, Diesel & lpg" Rs. 32000/- will be disallowed under 40(A)3 ?

Disallowance means the complete amount of 32000 will be disallowed or 12000 will be disallowed ??

Guest

Guest (Expert)

22 February 2013 DEAR AMIT,

1. PLA REGISTER HAS BEEN MAINTAINED BY THE EXCISE ABLE UNIT REGISTER UNDER EXCISE FOR COMPLYING THE PROVISIONS OF EXCISE....

PLA REGISTER IS MAINTAINED WITH DETAILS OF CENVAT CREDIT TAKEN AS WELL AS TO BE TAKEN AND EXCISE DUTY PAID IN CASH THROUGH PLA.

2. CLIENT HAS MADE PAYMENT OF TDS AMOUNT TO HIS CA FOR PAYMENT TO GOVERNMENT DEPARTMENT.... IN THIS CASE THERE IS NOT ANY ALLOWABILITY OR DISALLOWABILITY.... IF YOUR CLIENT IS BEING ASSESSED UNDER INCME TAX THEN PLEASE PRODUCE CHALLAN OF TDS DEPOSITED BEFORE DEPARTMENT.

3. IF YOU HAVE MADE PAYMENT OF MORE THAN RS. 20,000/- IN CASH TO ANY ONE PERSON IN A ONE DAY, THEN IT WILL FULLY BE DISALLOWED. I.E. IN PRESENT CASE, WHOLE RS. 32,000/- WILL BE DISALLOWED.

Message likes : 1 times

AMIT

AMIT (Querist)

22 February 2013 Thanks a lot Ashish Sir

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