40a(3)
Querist : Anonymous
My client purchased rawmaterial sum of 50000/- he paid cash by 3vouchers amount of
18000/-
18000/-
14000/- in single day to single person ,
is the expenditure allowable for deduction or not ?
.
Otherwise, limit of Rs. 20000/- will become applicable and if the payment is made against a single invoice the same will not be allowed.
.
Querist : Anonymous
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