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40A(3) Dis-allowance

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(Querist)
18 August 2010 hi friends,

i have a doubt regarding the following text pls clarify.


whether 40A(3) is applicable only to the expenditure or to any kind of situations?

if yes,answer the following.

suppose,i paid 25000/-in cash towards fright.it took place before 1st October,2009.can i paid it as an advance and subsequently booked as expenditure?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 August 2010 If you paid as advance cash more than Rs.20000 and booking related expenses against that adavnce would be disallowed.

One more info: for transporter now the limit is increase as Rs.35000/-
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