40a3

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chayan (Querist)
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25 November 2009 i want to clear the doubt abt sec 40a3.my query is
if A makes payment of suppose Rs 53000 in respect of invoices of Rs 18000 , 17000 , 18000 at different dates to B
so can the deduction be allowed and plz z refer the case related to it. thank u

Jagdish Narayan Sawant

Jagdish Narayan Sawant (Expert)
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25 November 2009 Dear Chayan
if payment in a single day Exceeds Rs. 20000 to single party then whole of such expenditure will be disallowed.
but in your case A makes payments to B at different dates, also none of the payments exceeds Rs. 20000/- so nothing will be disallowed

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 November 2009 Whole expenses allowable

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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25 November 2009 agree

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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25 November 2009 yes allowable

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