Expenses Disallowed under section 40A(3) and 40A(3A)

Amit Bajaj , Last updated: 21 February 2011  
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.style1 { font-weight: normal; } Section 40A(3) of Income Tax Act 1961 provides for disallowance of expenses in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on bank or account payee bank draft, exceed

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Published by

Amit Bajaj
(Tax Attorney)
Category Income Tax   Report

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