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disallowance u/s 40A(3)

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Graduation
39 Points Posted on 29 November 2018
Car insurance paid in cash exceeding 10000 is disallowable u/s 40A(3)?
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On 29 November 2018 at 10:03 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 29 November 2018
Yes... Exactly. ..
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On 29 November 2018 at 10:21
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Team Lead
7558 Points Posted on 29 November 2018
whether insurance paid for business or personal purpose
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On 29 November 2018 at 15:36
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Graduation
39 Points Posted on 30 November 2018
if paid for personal purpose, then it is not allowed and if paid for business purpose, then as per 40A(3) it is disallowed.
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On 30 November 2018 at 12:08


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