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U/s 40a (3)

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(Querist)
18 April 2013 Sir,

If I am giving cash to SBI bank and take DD for Rs:30000/- and give to my Supplier.

Section 40A(3) disallow my Expenses.

Please reply me As soon as possible.

Thanks in advance.
Jobimon
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
18 April 2013 payment to bank is not disallowed.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
18 April 2013 it is allowed as you didn't pay in cash. you paid in DD mode.
payment for DD or deposit is bank is not covered in 40A(3)




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