Section 40a(3)

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Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2012 Can donation be paid in excess of RS.20000 in a single day

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 May 2012 Section 40A(3) is applicable to expenses claimed under the head Income from Business or Profession.

Donation is not allowed as a deduction while computing business income.

Accordingly Section 40A(3) does not aplly to donations.

However, Section 80G has been amended by Finance Bill 2012 to provide that donations in excess of Rs. 10,000 shall have to be paid in any mode other than cash.

CA CKP

CA CKP (Expert)
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18 May 2012 any expenditure paid in cash is disallowed.
donation is not expenditure.
so it does not matter.

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 Ok thanx for helping me to come out of this problem.

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