sec40a3
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2011
if advance payment is made to a individual in cash exceeding rs 20000 shall be disallowed or not
10 January 2011
Sec 40A(3)says disallowances of any expenditure(Revex charged to p/l)paid in cash in excess of RS.20K.
Advance payment not being a expenses charged to p/l not covered by sec 40A(3).
Advance payment not being a expenses charged to p/l not covered by sec 40A(3).
10 January 2011
for which purpose advance payment? if for Expence. then Sec 40a(3) applicable. otherwise not for exps. then not applicable.
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