section 40 B

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..... sir if a entity has purchased goods worth Rs 35000 on credit and passed the entry Purchase a/c Dr 35000 to Creditor A/C and then the payment is made personally to the creditor by the propr .....

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..... ietor and then he passes the entry Creditor A/c.... Dr To Capital A/C so this expense is allowed in section 40 B of Income Tax Act or not because the payment is settled in cash only , .....

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..... no payment is made by account payee cheque by Mayank Gupta - Reply By CA GOPALJI AGRAWAL - The Reply = First it is presumed that you are concerned about sec 40A(3) . Your case is apparently c .....

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..... overed under the mischief of law. However you may refer the exception under rule 6DD . - section 40 B - Query Started By: - mayank gupta Dated:- 10-3-2013 Income Tax - Got 1 Reply - Income .....

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..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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