Please Help: audit
Posted Date : 23-Jan-2013 , 04:42:15 pm | Posted By Arya Pal
whether sec 40 a iii will apply if cash payment more than Rs.20000 has been made to delhi police as security charges for payment of security gunner hed by company.
Category : Audit | Answers : 1 | Comments : 4 | Hits : 165
Answers
Answer By: CA Satuti Mahajan
yes
Comments
Pratik
23-Jan-2013 , 09:29:55 pmno not applicable as it is exempt under rule 6d
Riyaz Ahmad
24-Jan-2013 , 12:35:37 pmSection 40A(3) will be apply since It is not given in the exception of rule 6DD . Hance payment made in-excess of Rs. 20000 not allowed as Expenditure.
subodh agarwal
25-Jan-2013 , 02:04:02 amno deduction of expenditure can be claimed by the assessee in this regards because , payment made is more than Rs.20000 in single day.
naga rakesh
25-Jan-2013 , 11:08:30 amno deduction avaliable to you because rule 6DD WAS NOT APPLICABLE IN THIS CASE