Section - 40a(3). splitting of cash payments.
Querist : Anonymous
Suppose I have an invoice of Rs.80,000. I have paid it as
Day 1 - 18,000
Day 2 - 18,000
Day 3 - 18,000
Day 4 - 18,000
Day 5 - 8,000
Will it be disallowed under section 40A(3).
Can anyone give me any relevant case law for the same.
Thanks in advance.
In this case Section 40A(3) is NOT applicable.
However, you will have to prove that the payments were actually made on different days, which is quite difficult.
Regards,
Querist : Anonymous
Querist : Anonymous
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