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Sec 37(1)
Advertisement expenditure in excess of rs. 10000 in cash allowed or disallowed for ay 18-19
Replies (13)
Any expenditure in excess of Rs 10,000 in a day is disallowed.
as per section 40A(3) any payment made in cash above 10000 RS to any person in a single day shall not be allowed as deduction
Can u please share me a copy of this provision specifically written about advertisement expenditure ??
There is no provision for each and individual expenditure. Sectio 40A(3) covers all revenue expenditures whose individual payment in a day exceed Rs 10000
no this is not a specific provision regarding advertisement
Income tax act, use expenses or payment not specified to particular expense, u hv to apply accordingly...... Tds Al'so mandatory subject to limit
In CS study mat advertisement expenditure in cash excess of 10000 is allowed n it is given
Kindly share that image
there is no option of sharing files
I endorse the view Mr. ajay
Disallowed under Section 40A(3). And as far as CA /CS study material are concerned there are times when mistakes can be found in that very easily. Don't worry about that.
In Sync 
More to it, the study mat's will not contain the latest amendments
Quote the words as it is written in your book
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