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Sec 37(1)

Others 507 views 13 replies

Jaisika Kukreja

216 Points Posted on 13 November 2018

Advertisement expenditure in excess of rs. 10000 in cash allowed or disallowed for ay 18-19

Replies (13)

Uday Rathi

133 Points Posted on 13 November 2018

Any expenditure in excess of Rs 10,000 in a day is disallowed.

jasmeet singh

220 Points Posted on 13 November 2018

as per section 40A(3) any payment made in cash above 10000 RS to any person in a single day shall not be allowed as deduction

Jaisika Kukreja

216 Points Posted on 13 November 2018

Can u please share me a copy of this provision specifically written about advertisement expenditure ??

Uday Rathi

133 Points Posted on 13 November 2018

There is no provision for each and individual expenditure. Sectio 40A(3) covers all revenue expenditures whose individual payment in a day exceed Rs 10000

jasmeet singh

220 Points Posted on 13 November 2018

no this is not a specific provision regarding advertisement

CA Vj Gupta

24 Points Posted on 13 November 2018

Income tax act, use expenses or payment not specified to particular expense, u hv to apply accordingly...... Tds Al'so mandatory subject to limit

Jaisika Kukreja

216 Points Posted on 13 November 2018

In CS study mat advertisement expenditure in cash excess of 10000 is allowed n it is given

ajay

Student

178 Points Posted on 13 November 2018

Kindly share that image

Disallowed under Section 40A(3). And as far as CA /CS study material are concerned there are times when mistakes can be found in that very easily. Don't worry about that.