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40 a 3 section

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(Querist)
19 March 2016 Sir,
I AM SYAM

IF I GIVE RS.35000/- TO BRANCH , WHETHER THIS TRANSACTION ATTRACTS 40 A 3DISALLOWANCE.
IN SHORT- HO ,BRANCH CASH TRANSACTIONS(NOT EXPENSES) ATTRACTS 40 A 3 DIWALLOWANCE
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CA Ashish Joshi

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CA Ashish Joshi (Expert)
19 March 2016 No. The fund transfer to BRANCH does not fall under sec.40a(iii).

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