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Deduction u/s. 40a(3).
The assessee is engaged in the business of poultry feed and during the year he has made the freight payment exceeding Rs. 35,000/-. whether the same will be disallowed u/s. 40A(3) or will cover under the sub Rule 6DD(e)(ii).
Replies (2)
Amount paid to transporters up to Rs 35000 is not covered by 40a(3)
No Sir, payment has been made during the year exceeds Rs. 35,000/- and the assessee is engaged in the business of poultry feed. whether the same will be disallowed u/s. 40A(3) or will cover under the sub Rule 6DD(e)(ii).
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