Satendra Sharma (Student) 01 June 2009
Hi,
I am an accountant and one question has been confused to me.
If I payment made to party directly to his Bank A/c via cash deposit. what is allowable U/s 40 A (3).
if no plz mail me circular No. or notification No. if issued by DIT. our email is satendra@ballia.com
s
hasmukh shah (In practice) 11 June 2009
From Asst Year 2009-10 if payment made to same person during the year exceeds rs.20,000/= otherwise by account paye chq or draft then entire amount will be disllowed
Tarun (JOB) 16 June 2009
Satendra
As seen from query that you have directly deposited CASH in third pary account it will be treated as ggod as you have handed over the cash to customer and they have deposited the same , hence same will be disallowed.
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