Hello
if payment is made rs 10,000/- in f.y.2017-18
then it will disallowed or not(40A(3))
Menu
section 40A(3)
Replies (5)
40A(3) is applicable from 01.04.2017 so any expense in cash above 10k will be disallowed expense.
Better break expenses.
okay Ruchika Madam
but if cash paid is 10000/-
then?
but if cash paid is 10000/-
then?
Above 10k is not allowed
So if its exact 10k then its allowed
okay thanks...
and what about cash paid to worker above 10k
and what about cash paid to worker above 10k
any expenses more than 10k is disallowed
Recent Threads
- Exemptions under New Tax Regime
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax and Indexation on Debt Mutual Funds Sold
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
Related Threads
CAclubindia
