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40a(3)

This query is : Resolved 

13 June 2015 Mr. A incurred expenditure for Rs 1 Lakh in a single day, many transaction below rs. 20000 From different persons. Whether it's allowed

13 June 2015 Sec 40 A (3) is attracted only if the payment in other than NEFT/RTGC/Account Payee Cheque or DD for an amount exceeding Rs. 20,000 to a SINGLE PERSON on a single day.

Since you have paid to different persons for services provided by them to you, sec 40 A(3) will not attract.


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