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section 40A(3A)
can anybody explain this section with example
Replies (9)
Payment exceeding Rs.10,000 by otherwise than by account cheque , draft i.e by cash or bearer cheque will be disallowed if made to single person in a single day. In case the payment is made for plying, hiring or leasing of goods carriage. than Rs 35,000
sir payment exceeding 20000 instead of 10000.and this amount exist in sec 40A(3)
Finance bill 2017 has reduced this limit to 10000
ohhh sorry .m reading finance act 2016.for exam preparation..
Are you are asking for Nov Exam or for pratice in office
practice in office.and as well as exam for my article student.
For Exam it is Rs20000 (Nov 17) & for office it is Rs10000
OK.thanku sir
Welcome Sahil Kansal Ji
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