If we have opted for Sec.44AD then can we make Payment of more than ₹10000 upto ₹20000/- for goods purchased.
Does Sec.40A will be applicable?
Not possible to disallow WITHOUT BOOKS OF ACCOUNTS!!!
So what, assessee do not claim it as deduction. Deductions are allowed on presumptive basis, so no question of dis-allowance.
CAclubindia
