Are donations paid to trusts allowed as business expenses?
cash payments for rates and taxes more than 10k to government allowed?
cash payments for land Registration payment to government more than 10k allowed?
Menu
Cash payments more than limit
Replies (4)
1. Depends if the trust is having certificate under sec. 80G to receive donations. Otherwise not.
2. Yes.
3. Yes.
Not sec 80G
wrong section.
right section is 12AA
wrong section.
right section is 12AA
There is no exception when Payments for fixed assets purchase more than 10k when paid to government but for revenue expenses rule6DD is applicable
If at the site expenses are paid by staff out of PhonePe single transaction around 1lac and the same given to him in cash from company,is it disallowance of 40A(3),there are no supporting bills
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
