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Sec40A(iii)

This query is : Resolved 
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30 November 2010 payments made to a person in a day in excess of Rs.20000 but of different bills would be allowed or disallowed.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
30 November 2010 YES, IT WILL BE ALLOWED.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
30 November 2010 VISIT THIS LINK

https://www.caclubindia.com/experts/cash-payment-522525.asp
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PURNODAYA

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PURNODAYA (Querist)
01 December 2010 but sir as per language of sec.aggregate payment made to person in a day in excess of Rs.20000 would be disallowed.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
01 December 2010 PLEASE CHECK
V .K SINGHANIA'S DIRECT TAX LAW & PRACTISE

PAGE NO 400,
148 P1 PROB NO 3.


visit the link , which i have given you.

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PURNODAYA

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PURNODAYA (Querist)
05 December 2010 thank u sir.
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