Dear friends
Whether sec 40A(3) will applicabe, if cash payment made morethan Rs 20000 as an advance for supply of materials?
Rgds
santosh
Menu
SEc 40A(3) of Income tax
Replies (6)
Yes.
yes
Recently this section has been amened by finance bill (No 2)2009, please refer that also.
yes
Hi Bagrecha
Thanks for giving details.........
yes it shall be applicable
Recent Threads
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
Related Threads
CAclubindia
