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Section 40a(3)

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(Querist)
18 September 2012 Is the cash payment above Rs.20,000/- made for the purchase of copra shall attract disallowance u/s 40A(3)
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 September 2012 Yes.. it will be disallowed.
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CA Ayush Agarwal

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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.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 September 2012 Copra is nothing but a dry half coconut.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
18 September 2012 Okie, Its Khopra. Copra
Got It.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 September 2012 In Hindi it is khopra and in english it is called Copra
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