Hi
i wanted to know cash payment made to sub registrar exceeding Rs 20000 whether this will attract section 40 (A) 3 disallowance??
kindly clarify the doubt as soon as possible
Thanks & Regrads
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Section 40(a)3 cash payment exceeding rs 20000
Replies (4)
NO DISALLOWANCE IS ATTRACT IF PAID TO GOVERNMENT AS PER RULE 6DD OF INCOMETAX RULES
https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2001ITAct/rules2001/rules006dd.htm
THIS IS THE LINK OF THE RULE 6DD
thank u sir
it is allowed
kindly help me in regard that wheather single payment in a day exceeding Rs. 20000 for cement purchase for building construction would attract the provision of section 40A(3) of income tax Act 1961.
Thanks
VISHAL SAXENA.
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