40A(3)
This query is : Resolved
14 April 2010
Interest on hundi paid exceeding 20000 in a day is allowable for exp?
14 April 2010
PLEASE TELL TO WHOME THIS MONEY HAS BEEN PAID?
14 April 2010
Allowable. For details see Rule 6DD.
For detail go to following link---
http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2001ITAct/rules2001/rules006dd.htm
For detail go to following link---
http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2001ITAct/rules2001/rules006dd.htm
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