Validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit by the Driver of the Assessee
Section 40A(3) presently provides that the expenses will not be allowed as deduction if the payment is done in ...
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Posts tagged "40A(3)"
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit
Section 40A(3) presently provides that the expenses will not be allowed as deduction if the payment is done in cash for ...
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No Disallowance u/s 40A(3) if expenses payment is done by agents and not directly by the Assessee
No Disallowance u/s 40A(3) if expenses payment is done by agents and not directly by the Assessee+
The issue of disallowance U/s 40A(3) has been an issue in various assessment.
Here is an interesting case as under on section 40A(3) before ...
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Payment by agents and not directly by the Assessee: Whether disallowance u/s 40A(3) attracted?
Payment by agents and not directly by the Assessee: Whether disallowance u/s 40A(3) attracted?
The issue of disallowance U/s 40A(3) has been an issue in various assessment.
Here is an interesting case as under on section 40A(3) before Kolkata ITAT:
Gouri Shankar ...
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If payment is permisdible according to Rule 6DD then AO made the addition u/s 40A(3) without rejecting the Books of Accounts
I-T - Additions cannot be made u/s 40A(3) sans rejecting books of account: HC
AHMEDABAD, : THE ISSUE IS - Whether additions can be initiated by the Department u/s 40A(3), without even rejecting the books of account. NO IS THE ...
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40A(3) is not applicable if taxpayer is opting for presumptive taxation scheme u/s 44AD
Though section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be noted that section 40A(3) is not applicable if Assessee is opting for presumptive mode of taxation.
An interesting observation was made in the following case by ...
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