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Section 40A(3)

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2011 Please let me know if a payment is made in cash exceeding Rs.20000 for buying material for own residential house to same person in a year is legal? (if not considered as expense deductible from income)
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diwakar mittal

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diwakar mittal (Expert)
14 May 2011 it is drawing disallowed in section 37
so no question of deductibality and it is not illegal
u can purchase in cash for other than business purpose
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