Dear Experts
Can we pay factory rent - Rs.45000/- in cash mode ? as per income tax rule ?
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Cash payment
Replies (5)
No can't pay 40 A(3) disallowance is attached
| Originally posted by : Hitesh | ||
 |
No can't pay 40 A(3) disallowance is attached |  |
Any Solution ?
PAY THE SAME BY WAY OF CHQ OR ELECTRONIC MODE
per day limit ten thousand only to transfer cash one person to another person
It will be disallowed under Section 40A(3). To avoid the disallowance pay the expense through account payee cheque, ecs, draft, or any other online mode.
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