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is b2b purchase any cash limit u/s 40 (A) 3
is b2b purchase any cash limit u/s 40 (A) 3
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JCb se mitti khodai me gst rate kya hai
@ Bhagwandass.,
As per income Tax rule the limit just Rs 10k only...
As per income Tax rule the limit just Rs 10k only...
Section 40A(3)(a) of the Income Tax Act provides that any expenditure incurred in respect of.
which payment is made in a sum exceeding Rs. 10,000/- in a single day otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft or through use of electronic clearing system, shall not be allowed as a deduction.
which payment is made in a sum exceeding Rs. 10,000/- in a single day otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft or through use of electronic clearing system, shall not be allowed as a deduction.
Is purchase falls under expenditure?????
Yes... any of the Expenditure.
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