Disallowance u/s 40A(3)

This discussion clarifies the application of Section 40A(3) of the Income Tax Act regarding cash payments exceeding £10,000. It addresses whether an expense of £30,000 can be paid in instalments of £10,000 on separate days to avoid disallowance. The consensus suggests that splitting payments is permissible if it appears reasonable given the circumstances, with some indicating the limit applies per invoice per day.