Business and profession
This query is : Resolved
21 August 2014
Wether the following Expenditure are allowable under section 40A(3) :-
1) 25000 for Air ticket in Cash .
2) 26750 for electricty bill of torrent power paid in cash.
3) 34260 for telephone bill to reliance communication paid in cash.
4) 43903 for Telephone Exp to Bsnl
in cash.
please give ans. with reasoning.
21 August 2014
1. no
2.no
3.no
4.no
as all paid in cash above 20,0000
2.no
3.no
4.no
as all paid in cash above 20,0000
22 August 2014
no all expense above rs. 20000/- paid in cash. expenditure is disallowed.
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