Section 40a(3)

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Querist : Anonymous (Querist)
16 June 2014 if payment is made by cash for any expense for above Rs 20000 on public holiday of bank. then this exp will be disallowed or not u/s 40A(3)?

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16 June 2014 what is the nature and purpose of transaction

16 June 2014 what is the nature and purpose of transaction

16 June 2014 only if the payment is required to be made on a public holiday...then it is covered under Rule 6dd(j)

20 June 2014 if it is necessity of payment to be proved then exp. not disallow

20 June 2014 if it is necessity of payment to be proved then exp. not disallow


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