Expense to paid relative 30000 in cash
reasonable as per 40A(2) 8000
then as per 40A(2) 30000 disallowed or 8000 allowed
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sec 40A(2) & 40A(3)
Replies (3)
first 8k disallowed u/s 40A(2) ..then since Bal exceeds 20k rem 32k disallowed u/s 40A(3).
expenses have been paid in cash and it's above 20k it's fully disallowed.....and the same was done to a relative ...so if I am correct it will disallowed fully in both 40A(2) and 40A(3)
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