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exp allowed u.s 40a

Tax queries 302 views 3 replies
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mathura
214 Points Posted on 08 April 2016
whether payment made to creditor in cash in excess of rs 20000 is eligible for deduction or not. or the purchase made from these creditor will be disallowed by assessing officer.
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On 08 April 2016 at 20:17 Report
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CA
564 Points Posted on 08 April 2016

DISALLOWED U/S 40A(3)

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On 08 April 2016 at 21:54
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Charteted Accountant
72 Points Posted on 09 April 2016
Disallowed. Dude read section carefully you will get your answer more clearly.
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On 09 April 2016 at 00:00
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mathura
214 Points Posted on 09 April 2016
but as far as i read , as per rule 6dd , the payment made against stock is not covered in sec 40a.
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On 09 April 2016 at 04:32


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