sec 40a (3)
Sakshi Bhandari (20 Points)
10 February 2019
if payment is made to same person per day per transaction then also rs. 10000 applies as a whole?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195600 Points)
Replied 10 February 2019
If any bill paid does not exceed 10K or an aggregate of payments per day is within said limit; no dis-allowance.
Sakshi Bhandari
(20 Points)
Replied 10 February 2019
aggregate of payment includes differnt transactions or one one transaction of same party
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 10 February 2019
aggregate payments includes payments made in respect of different bills also
Prateek Mundra
(Industrial Trainee- HUL)
(63 Points)
Replied 11 February 2019
same party different bills are accumulated for 10k
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