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disallowance
my client is paying rs 30000 pm as charges to accounting professional in cash in a single day... which sec of disallowance will apply in this case...sec 40( a)(ia) or 40 A(3)???
Replies (3)
sec 40 (a) (ia) dis allowed.. bcoz in this section it is clear mention ...
both sections as in 40(a)(ia) tds is not made and as per 40(A)(3) cash payment is exceeding the limit of 10000 per day
Disallowed in both sections....
40A(3) - In case cash payments exceeds 10,000 per day.
40(a)(is) - In case tds is not deducted
40A(3) - In case cash payments exceeds 10,000 per day.
40(a)(is) - In case tds is not deducted
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