Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Section 40A(3)


Rayapudi Hanisha Shetty   13 November 2018

Rayapudi Hanisha Shetty

 2 points

| My Other Post

I would like to know that is there any amendment came regarding the cash limit for the payment to the transport operators, if so what is he limit??, If not what is the limit?

avater

Jaisika Kukreja   13 November 2018

Jaisika Kukreja

 16 likes  211 points

View Profile | My Other Post

No , there is no amendment . And payment in excess of INR 20000 otherwise by account payee cheque ,demand draft or ECS is not allowed.

avater

SOWJANYA NALLURI (Article Assistant)     13 November 2018

SOWJANYA NALLURI
Article Assistant 
 1 likes  7 points

View Profile | My Other Post

No there is an amendment for cash limit 10,000

1 Like
avater

Jaisika Kukreja   13 November 2018

Jaisika Kukreja

 16 likes  211 points

View Profile | My Other Post

Amendment is in rest payments except transport operators

avater

Uday Rathi   13 November 2018

Uday Rathi

 8 likes  133 points

View Profile | My Other Post

In case of transport operators, payment in excess of 35,000 in a Day other than by account payee cheque, demand draft would be disallowed.
In any other case, payment in excess of 10,000 in a day will b disallowdd

2 Like
avater

Jaisika Kukreja   13 November 2018

Jaisika Kukreja

 16 likes  211 points

View Profile | My Other Post

OK ..Is this amendment applicable to advertisement expenditure also ??

avater

Uday Rathi   13 November 2018

Uday Rathi

 8 likes  133 points

View Profile | My Other Post

Yes to all revenue expenses which are routed to p&l account

avater

Jaisika Kukreja   13 November 2018

Jaisika Kukreja

 16 likes  211 points

View Profile | My Other Post

BT in CS study mat. (new syllabus) advertisement expenditure upto 20000 is allowed (given)

avater

rama krishnan   13 November 2018

rama krishnan

 910 likes  9778 points

View Profile | My Other Post

no except transporters for the rest of the payments the limit is 10000

avater

Nitesh bind (Student CA Final )     14 November 2018

Nitesh bind
Student CA Final  
 1883 likes  12670 points

View Profile | My Other Post

For any expenses payment (including Advertisement exp) in cash max allowed Upto Rs. 10000/35000 (for transporter).


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »