Sec 40a (3)
This query is : Resolved
18 June 2013
Car maintenance Expenses paid in cash of Rs.28000/- Kindly ask, whether this expense is attracted u/s 40A(3)
18 June 2013
Yes..it is disallowed as per sec.40A(3) if cash paid more than 28000 to single party in a single day
Thanks & regards
Ganesh babu k
Thanks & regards
Ganesh babu k
18 June 2013
Thank You for your help
18 June 2013
you can also refer rule 6DD for the exceptions
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