Sec 40A(3) cash payment exceed Rs 20000
This query is : Resolved
17 July 2009
can anybody give me an advice that if i make a payment on cash below rs.20000in a day and in another day also Rs.less than 20000 against a bill.
can i get the exemption from disallowability of this section
Thanx
Amit Bansal
caamitbansal2007@gmail.com
can i get the exemption from disallowability of this section
Thanx
Amit Bansal
caamitbansal2007@gmail.com
17 July 2009
Yes. If you are making payments on diferrent dates, then you can claim the deduction of that expenditure.
17 July 2009
Agreed
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