Debate in sec 40(2a)

ravi kothari (Article Trainee) (97 Points)

07 February 2016  
sec 40(2a) of income tax act 1961 disallow expenditure above 20000 made in cash but law states any expenditure means if 4 different bill amounting to rs 18000,19000,17000,16000 can be paid on the single day to the same person