if any payment made to electricity co i.e BYPL in cash more than rs 20000 will it be disallowed us 40A(3)
and also if employer cont to esi, epf paid in cash above rs 20000 will it be disallowed or not
please refer provision in detail regarding reply
thanx in advance
Menu
40A(3)
Replies (2)
Electricity expenses paid in cash wil be disallowed....
Regarding Employers Contribution ESIC and other such payments, it can considered as govt payment which is exception under 40A(3). It can debatable issue.. But according to me, it wont be disallowed...
agree wd chaitanya.
Recent Threads
- About CMP -08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
Related Threads
CAclubindia
