Cash payment
This query is : Resolved
dinesh kumar saini
(Querist)
18 April 2015
if we cash purchase raw material of Rs.100000. what it will be disallowed & in which section?
CA AnKiT BoHrA (AB)
(Expert)
18 April 2015
yes it wil b diallowed under section 40a(3)
CA AnKiT BoHrA (AB)
(Expert)
18 April 2015
https://www.simpletaxindia.net/2009/12/payment-exceeding-20000-40a3-exceptions.html
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