Menu
Section 40A(3)
Is Cash payment of Rs16000 allowed against 2 Bills of Rs8000 each against same party in a single day allowed?
Replies (3)
No payment made to single party exceeds 10,000 will be disallowed in 40 a(3)
Better to get 2 different dates or payment 2 different dates
Per day Per person cash payment limit is upto 10000/- under 40A(3) for any expenditure. Otherwise such expenditure will be disallowed
Keep this limit in mind and make cash payment accordingly.
Keep this limit in mind and make cash payment accordingly.
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
