If Partnership firm paid rent amount above Rs 2000 in cash to a person who is partner in such firm,then such amount of expenses allowable as per income tax act U/s40(A)(3)
Vilasagaram Ravinder (Article Assitent) (45 Points)
20 June 2012If Partnership firm paid rent amount above Rs 2000 in cash to a person who is partner in such firm,then such amount of expenses allowable as per income tax act U/s40(A)(3)
KARANDEEP,CA,B.Com,CS FNL
(JOB)
(457 Points)
Replied 20 June 2012
| Originally posted by : Vilasagaram Ravinder | ||
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If Partnership firm paid rent amount above Rs 20000 in cash to a person who is partner in such firm,then such amount of expenses allowable as per income tax act U/s40(A)(3) |
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Will be disallowed as per sec 40 (A) (3)
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