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Latest Provision of Section 40 A(3)

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(Querist)
21 August 2009 Sir,
I would like to know the latest provisions of section 40A(3)rule6DD and i also want to know that there is any limit of disallowance of revenue expenses say Rs.50,000, please reply me immediately

with best regards
Pardeep Tyagi
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Ratan Sharma

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Ratan Sharma (Expert)
21 August 2009 revenue expenses over Rs. 20,000/- PAID TO A SINGLE PARTY IN A DAY will be dissallowed henceforth. If Rs. 50,000/- is paid in cash and the expenses is debited to revenue account then the same will be dissallowed.
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Ratan Sharma

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Ratan Sharma (Expert)
21 August 2009 revenue expenses over Rs. 20,000/- PAID TO A SINGLE PARTY IN A DAY will be dissallowed henceforth. If Rs. 50,000/- is paid in cash and the expenses is debited to revenue account then the same will be dissallowed.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
21 August 2009 ratan can you tell me from when it will be applicable
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