Tax audit
This query is : Resolved
19 November 2013
purchase of mobile worth Rs. 35000 in cash. Is it liable to disallow u/s 40A(3)?
19 November 2013
If going to capitalize then no disallowance because allowance happens when such expenditure claime as deduction from income
19 November 2013
Agree with Expert,
Such expenses which deals with P/L account and it exceeds the 20000 per day per person then section 40a{3} attracts...
Such expenses which deals with P/L account and it exceeds the 20000 per day per person then section 40a{3} attracts...
22 November 2013
Yes agreed with above ans.
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