24 February 2015
Dear Kumar, Greetings, Good Evening if the payment is made to the contractor on the same day as a payment for 1 bill raised of Rs 50000, then it will attract the provision of 40A(3) and would be disallowed If it is paid on different dates with none of the payment exceeding Rs 20000, then it would be allowed. but do remember T.D.S would attract if any of the bills is more than 30000Rs Please send any query if u have
CAclubindia
