sir
if a person purchases goods 25000 paid in 3 days less than 10000 each day then is it allowed as expenditure.
please correct if any wrong
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Issue for section 40A(3)
Replies (6)
In my opinion, expenditure is allowed.
it's allowed...
...
...
Since the payment is not on single day, the expenditure is allowed
Yes... I agreed to above replies...
But,
I have a small doubt. The Query is not cleared...
@ Kanamarlapudi.,
The Purchase is single day with single bill or multiple day with less than 10k...?!
Can you explain...?
But,
I have a small doubt. The Query is not cleared...
@ Kanamarlapudi.,
The Purchase is single day with single bill or multiple day with less than 10k...?!
Can you explain...?
single day against single invoice
even if it's purchased against single invoice, payment of less than 10k can be made on various days
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