is this provision applicable in case of foreign branch expenses ?
Payment made - 5000 AED
Menu
sec 40A(3) cash disallowance
Replies (3)
provision is applicable but u can take dedution of rs 5000 because disallowance is above the 10000 and in case of GTA i.e 35000.
The amount of payment made in cash is 5000 AED = 90,000 Rupees
Your expenses would be Disallowed.
But I'm still wondering how are you going to send Cash to your foreign branch because there are many restriction on currency conversion etc. !
But as far as law is concerned it will be Disallowed.
But I'm still wondering how are you going to send Cash to your foreign branch because there are many restriction on currency conversion etc. !
But as far as law is concerned it will be Disallowed.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
