40 a(3) disallowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2011
Does depositing cash above 20000 into party
bank a/c for any expenditure attract
dis allowance.
Does depositing cash above 20000 into party
bank a/c for any expenditure attract
dis allowance.
20 September 2011
Yes, Section 40A(3) is attracted because payment has been made otherwise than by an account payee cheque.
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