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40(A)(3) amendment

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(Querist)
03 December 2010 if i made payment of exp. in instalments of 19500. of a single bill of rs.300000 in different dates. will it disallow my exp. The said exp. is made by an NGO. kindly reply with supporting case laws.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 December 2010 It will not be disallowed as payment by cash on a single day does not exceeds Rs. 20,000/-.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
03 December 2010 If payment made on two different date for the above bill will not attract disallowance since the Act stipulate a single payments which exceeds more than 20,000/-
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