Income tax section 40A(3)
meena yadav (90 Points)
22 February 2021meena yadav (90 Points)
22 February 2021
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 22 February 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 22 February 2021
anil jain
(Partner)
(1067 Points)
Replied 23 February 2021
The advance is not expense but shown under other current assets so no need to claim exp and thus no question to disallow it