Query regarding section 40a(3) rule 6dd
This query is : Resolved
15 September 2015
I have come across a situation which doing tax audit of a client where the opening outstanding amount of creditors is more than 1 lac and he has made payment in various installments of 15000/- on different dates in cash. Is this way is correct or same could be disallowed.Please clarify
CA AnKiT BoHrA (AB)
(Expert)
16 September 2015
nopes this is correct he can do so na.. payment in different dates is allowed...
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