U/s 40a (3)
This query is : Resolved
18 April 2013
Sir,
If I am giving cash to SBI bank and take DD for Rs:30000/- and give to my Supplier.
Section 40A(3) disallow my Expenses.
Please reply me As soon as possible.
Thanks in advance.
Jobimon
If I am giving cash to SBI bank and take DD for Rs:30000/- and give to my Supplier.
Section 40A(3) disallow my Expenses.
Please reply me As soon as possible.
Thanks in advance.
Jobimon
18 April 2013
payment to bank is not disallowed.
18 April 2013
it is allowed as you didn't pay in cash. you paid in DD mode.
payment for DD or deposit is bank is not covered in 40A(3)
payment for DD or deposit is bank is not covered in 40A(3)
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