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
CA.Tarun Maheshwari
(Expert)
17 July 2009
Yes. If you are making payments on diferrent dates, then you can claim the deduction of that expenditure.
taxindiaconnect
(Expert)
17 July 2009
Agreed
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