Is Section 40A (3) which disallows expenses paid in cash in excess of Rs.20,000 applicable to a charitable institution?
Its applicable only to a assessee having business income naaa??????
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 12 May 2011
in case of non business, where he would set off such expenses, and if not used to set off then what differs if not allowed?
CAclubindia
