Section 40A(3)
This query is : Resolved
Vijeesh Kumar.V
(Querist)
29 January 2009
If Mr.ream purchase some raw material from Mr.Laxman for Rs19000(on 1.05.2008)and for Rs.19000(on 2.05.2008)and the payment(in cash) for both the bill was made on 3.05.2008.
Will these expenses will be disalloved?
Since these expenses are related to two different bills can we make cash payments to the similar person.
Will these expenses will be disalloved?
Since these expenses are related to two different bills can we make cash payments to the similar person.
29 January 2009
No, if paid in cash the expenses may be disallowed.
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