Is cash payment made for purchase of cement and hardware goods of an amount exceedind Rs.20000 to a creditor allowed under section 40(a)3?????
CA Ramsai N
(Fresher)
(594 Points)
Replied 12 June 2013
If such payment is on single day , then the total expenses is not allowed as deduction.
And check Rule 6DD - Point h and proceed
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