40 a 3


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 When a payment is made to bajaj allianz insurance company in excess of 20000 in cash, is it disallowed...

27 September 2013 yes under sec 40A(3).

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 But Under rule 6DD specifies that payment to any banking or credit or insurance companies which is in public or private sector has an exception what about this

27 September 2013 The company which u named is not exempted under rule 6DD.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 thank you...

27 September 2013 Agree with Sampat Ji,
It will be disallowed as there is no exemption for such payment under section 6DD.,,


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