Wrongly advise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2013
i wrongly advice to my employer to paid more then 20,000/- in cash for party expenses.. please give suggestion what i do.. i know its my fault. but give suggestion with section
Ganeshbabu K
(Expert)
12 December 2013
if possible split cash payment vouchers for two seperate dates
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12 December 2013
1)SEC 40A(3) SHALL BE APPLICABLE AND THE AMOUNT SHALL BE DISALLOWED
I THINK YOU DID TWO GR'S IN SAME DATE.
U/S 40A(3)a : - WHERE PAYMENT MADE FOR PLYING,HIRING OT LEASING GOODS CARRIAGES, THE PAYMENT SHALL MADE BY ACCOUNT PAYEE CHEQUE IF THE AMOUNT OF PAYMENT EXCEEDS RS. 35000/- INSTEAD OF RS. 20000/- APPLICABLE ALL OTHER CASES
REFER SEC 40 A
I THINK YOU DID TWO GR'S IN SAME DATE.
U/S 40A(3)a : - WHERE PAYMENT MADE FOR PLYING,HIRING OT LEASING GOODS CARRIAGES, THE PAYMENT SHALL MADE BY ACCOUNT PAYEE CHEQUE IF THE AMOUNT OF PAYMENT EXCEEDS RS. 35000/- INSTEAD OF RS. 20000/- APPLICABLE ALL OTHER CASES
REFER SEC 40 A
Rupesh Jain
(Expert)
13 December 2013
under section 40A(3) with rule 6DD
payment for exp will 100% disallowed and add in income of assesse above Rs. 20000/-
and 35000/- for transporter you can pay cash in one day.
payment for exp will 100% disallowed and add in income of assesse above Rs. 20000/-
and 35000/- for transporter you can pay cash in one day.
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