section 40(A) (3)

This query is : Resolved 

23 July 2010 Since payment of expenses >20,000/- as covered by sec. 40(A)(3).
NOW PLEASE TELL ME WHETHER PAYMENT OF >20,000/- BY "CREDIT CARD/ DEBIT CARD"
IS ALSO COVERED BY THE SECTION
or SOME EXCEPTION HAVE BEEN MADE.

23 July 2010 more than 20000 paid by cash are disallowed but if payment made by credit card is not covered by this section.

Ref. Exceptions of sec. 40 (A) (3).

23 July 2010 in case of tranporter you can pay up to 35000/=

payment made by credit card is not covered by this section.


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