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.
10 March 2014
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