section 40A(3)
This query is : Resolved
16 July 2011
Hi
I am doing doing audit of charitable society . In this regard I would like to know whether expenditure in cash exceeding Rs.20000 will be disallowed or not AND if not then is there any other penal provision for the same.
I am doing doing audit of charitable society . In this regard I would like to know whether expenditure in cash exceeding Rs.20000 will be disallowed or not AND if not then is there any other penal provision for the same.
16 July 2011
Yes, Exp will be disallowed
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