Section 40a(3)
This query is : Resolved
18 September 2012
Is the cash payment above Rs.20,000/- made for the purchase of copra shall attract disallowance u/s 40A(3)
CA CS Amit S. Kedia
(Expert)
18 September 2012
Yes.. it will be disallowed.
CA Ayush Agarwal
(Expert)
18 September 2012
If Its Agriculture Produce Purchased from Farmers, Then It Will Not be Disallowed.
Apart From This, If Paid on Sunday or Bank Holiday, Then Also Will Not be Disallowed.
Otherwise as said by Amit, It Will be Disallowed.
If Its Agriculture Produce Purchased from Farmers, Then It Will Not be Disallowed.
Apart From This, If Paid on Sunday or Bank Holiday, Then Also Will Not be Disallowed.
Otherwise as said by Amit, It Will be Disallowed.
CA CS Amit S. Kedia
(Expert)
18 September 2012
Copra is nothing but a dry half coconut.
CA Ayush Agarwal
(Expert)
18 September 2012
Okie, Its Khopra. Copra
Got It.
Got It.
Message likes :
1 times
CA CS Amit S. Kedia
(Expert)
18 September 2012
In Hindi it is khopra and in english it is called Copra
Message likes :
1 times
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