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Cash payment exceeding 20000

This query is : Resolved 

08 March 2014 is the section 40a(3)(a) applicable in case of cash payment made in respect of motor car expenses?

08 March 2014 Expenses on running & maintenance of motor car is a REVENUE expenditure. Accordingly the expenditure will be disallowed if the payment exceeding Rs. 20,000 is made in CASH.

08 March 2014 thank you for your advice

10 March 2014 You are welcome. You should use the thanks button to convey your thanks.


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