section 40A(3) of the Income Tax Act 1961

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..... section 40A(3) of the Income Tax Act 1961
Query (Issue) Started By: - Rakesh Bansal Dated:- 7-5-2015 Last Reply Date:- 10-5-2015 Income Tax
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Income Tax
A person purchased cer .....

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..... tain goods from two different vendors and made payment in cash to both of them on the same day. After the close of the year he found that the owner of both the vendors is same person. Question: Wheth .....

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..... er the payment made to the same person though to different branches will be considered collectively and the payer has to bear the disallowance under section 40A(3)? Reply By wig sinbad: The Reply: p .....

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..... lease clarify if both vendors have separate registrations under the central / state tax legislations, such as Central Excise / service tax/ / VAT Reply By Rakesh Bansal: The Reply: The vendors are wh .....

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..... ole sellers of liquor. They have separate license under the state excise act and separate vat registration numbers.however their TAN for deduction/collection of tax at source is same.
Discussion F .....

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..... orum - Knowledge Sharing .....

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