Can a Propreitor Pay Electricity Bill in Cash Rs. 11450/-
Section 40(a)(3) ??
8 Replies
Kapadia Pravin
(17264 Points)
Replied 26 January 2020
Yes he can very well pay. it will not be dis-allowed under 40A(3)
BHARATH MALI
(Assistant of Audit)
(76 Points)
Replied 26 January 2020
Any case law regarding this matter please
Kapadia Pravin
(17264 Points)
Replied 26 January 2020
No. of case laws are there
payment of electricity bill should not be to a private power distributor company.
All government or GoI controlled State Boards are ok for cash payment
payment of electricity bill should not be to a private power distributor company.
All government or GoI controlled State Boards are ok for cash payment
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 26 January 2020
@ Mr BHARAT MALI.,
The Cash Payment above 10k to electricity is allowed as expenditure and it's not disallowed. Refer the same section with rule 6DD...
Also follow the suggestion by Mr Kapadia Pravin...
The Cash Payment above 10k to electricity is allowed as expenditure and it's not disallowed. Refer the same section with rule 6DD...
Also follow the suggestion by Mr Kapadia Pravin...
BHARATH MALI
(Assistant of Audit)
(76 Points)
Replied 26 January 2020
Sir, EB payment to Tamilnadu Electricity Board
rama krishnan
(12244 Points)
Replied 26 January 2020
As stated by Mr kapadia, it'll not be disallowed under section 40A (3)
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 26 January 2020
@ Mr BHARAT MALI.,
( Sir, EB payment to Tamilnadu Electricity Board. )
Yes... TNEB is a TN State Govt. So, it's allowed.
( Sir, EB payment to Tamilnadu Electricity Board. )
Yes... TNEB is a TN State Govt. So, it's allowed.
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