24 March 2013
Dear Venkatesh, Sec 40A(3), Disallowance shall be made in respect of payments made in excess of rs 20,000/= towards revenue expenditure not any kind of Capital Expenditure & govt payments. Therefore, Advance Payments of Rs 20000/= ,not within purview of sec 40A(3).
24 March 2013
Dear Venkatesh, Sec 40A(3), Disallowance shall be made in respect of payments made in excess of rs 20,000/= towards revenue expenditure not any kind of Capital Expenditure & govt payments. Therefore, Advance Payments of Rs 20000/= ,not within purview of sec 40A(3).
25 March 2013
As of now, the same shall not be disallowed, buut as and when the expense is booked against such expense, then it shall be certainly disallowed.
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