Section 40(a)3 confusing too much

1) yes applicable

2) no idea

3) if 2 different bilty are issued then 40A(3) nt appl bt if in same invoice ,then appl

Originally posted by : Amit Gupta
	1) yes applicable 2) no idea 3) if 2 different bilty are issued then 40A(3) nt appl bt if in same invoice ,then appl

i think incase of 2nd one it will be allowed

cheers

thank u amit and arniv!!!

Section 40A(3) says that if payment is made in otherwise than through account payee cheque then restriction is applicable.

2nd point

If payment is made through cash card etc then restriction shall be applicable.

3rd query

Restriciton shall apply if payment in excess of Rs. 20,000 in a single day to a same person. Therefore one truck/two truck or bilty/invoice is immaterial. 

thanks

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