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Pyt allowable for more than 20,000 ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2012 Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
07 June 2012 If payment is made otherwise than by an account payee cheque, the same will be disallowed u/s 40A(3).
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