one of the tax audit it person new construction started commercial building f.y.22-23.
some construction expenses payment through on bank online mode
some construction expenses rs:6 lacs through on cash mode (rs:10,000/- limit above per day sec 40 a(3) provision)
question:
assessess violation of sec 40 A (3) provision amount rs:6 lacs including or excluded for construction account in books.
Menu
Violation of sec 40 A (3) provision for construction account
Replies (1)
In books it is included, but auditor will disallow the expenses for calculation of income tax liability.
Recent Topics :
- ITR-3 Filing For AY 2026-27 - Tips
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
Related Topics :
CAclubindia
