Hi..
can any one clarify my doubt in applying the provisions of sec 40A(3) for the following case:
XYZ , a firm carrying Construction business pays Rs.100000 to the person in charge of particular site being employee of the firm, and he inturn pays
a) 56000/- to a mason
b) 15000/- to plumber
c) 9000/- for purchasing sand
d) 19000/- for electrical work done
All these transactions took place on a single day..
And my main query is :
When 40A(3) should be applied , whether at the time of paying 100000/- or the subsequent payment..?
CAclubindia
