sec 40A(3) of Income Tax Act,1961

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2011 hi, i want to ask that if I deposited Rs. 30000 on my clients Bank A/c, then is it be allowed or not.

CA H M JOHARI (Expert)
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20 May 2011 for what u have depsoited the amt. and under which section your client asks for dection.

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2011 sir, i have deposited for the payment as he is my creditor.

CA H M JOHARI (Expert)
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20 May 2011 If it is not by crossedaccount payee cheque than it is not deductible

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