which section of it act applicable if I purchase movable property exceed 20000 in cash and what will be the consequences..
thank you for ur reply
Menu
purchase exceed 20000 in cash of movable property
Replies (3)
Sec. 40 A(3): Where any expenditure in respect of which payment is made in
excess of Rs. 20,000 at a time otherwise than by Account-payee cheque or
draft, 100% of such payment shall be disallowed, In Budget 2017 Limit Reduce to Rs 10,000 to Promot Digital Trancations.
thanks for Ur reply
whether expense in sec. 40 a 3
whether expense in sec. 40 a 3
include capital expenditure
Recent Topic
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
Related Topics
CAclubindia
