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sec 40A(3) cash disallowance

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Industrial trainee
31 Points Posted on 20 November 2018
is this provision applicable in case of foreign branch expenses ?
Payment made - 5000 AED
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On 20 November 2018 at 21:21 Report
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12 Points Posted on 20 November 2018
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.
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On 20 November 2018 at 22:26
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Industrial trainee
31 Points Posted on 20 November 2018
The amount of payment made in cash is 5000 AED = 90,000 Rupees
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On 20 November 2018 at 22:33
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Student CA Final
12692 Points Posted on 20 November 2018
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.
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On 20 November 2018 at 23:12


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