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

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..... A person purchased certain 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 p .....

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..... erson. Question: Whether 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 .....

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..... wig sinbad - The Reply = please clarify if both vendors have separate registrations under the central / state tax legislations, such as Central Excise / service tax/ / VAT - Reply By Rakesh Bansal - .....

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..... The Reply = The vendors are whole 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 s .....

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..... ource is same. - section 40A(3) of the Income Tax Act 1961 - Query Started By: - Rakesh Bansal Dated:- 7-5-2015 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply .....

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..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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