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Sec 40(a)3

This query is : Resolved 
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(Querist)
01 September 2011 CAn any body tell whether Section 40(A)3 is also applicable to Trust/ Aop and capital expenditure.
IF possible Link should be given to use as evidence
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 September 2011 Only on expenses claiming under Profit & loss account apply section 40A(3)
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
03 September 2011 Yes it is applicable to all entities.

It is not applicable to Capital investment but cash payment should be always avoided.
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