Respected Experts ,
Silver coins purchased to give a gift in a lottery ?
This expenditure is merely for the purpose of business development.
My query is such a expenditure is disallowed under section 40A(3). ?
Menu
Disallowance u/s 43a(3) , urgent
Replies (2)
Sec 40A(3) belongs to payments exceeding Rs. 20000/- is not paid by an account payee cheque or draft is disallowed. In your situation it is gift (i.e) for business Promotion. I think please correct your query in heading you mention 43a(3) but inside you put 40A(3).
Expenditure incurred and payment made in cash will attract 40A(3)
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
