Sec 40a(3)
Querist : Anonymous
if i purchase following items from "x" party
sand 26000
jelly 25000
marum 28000
we pay to "x"
sand 20000
jelly 20000
marum 20000
in a single day for separately expenditure wise,
please enplane sec 40a(3) above situation
So your example ll be hit by this provision.. And no deduction ll be available as payment is made to one person exceeding Rs.20000. In a single day
Querist : Anonymous
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