40a(3)(a) of the income-tax act

This query is : Resolved 

23 January 2013 how section 40A(3) is useful in a non tax giving concern ....e.g society ,NGO etc

as dis allowance of any expense will not affect that particular concern.....

25 January 2013 YOU CAN MAKE 100% PAYMENT IN CASH.

28 January 2013 sir that means 40a3 is not applicable on non profit concerns....?


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