section 40A(3)

reply my dear friends.......as soon as possible.....

I think ur question is not clear,what do u want to know. First of all,there are no 40A(3) application,rest make it clear wat u wanna know

dear ye section 40A(3) ki problem h......one day payment exceeding 20000........now i think u understand....

Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.,,

plz solve my problem as soon as possible.....

Originally posted by : vipul jain
	Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.,,   plz solve my problem as soon as possible.....

as per the above saidsection it applies only when a payment is made for "an" expenditure during a single day. In ur case although the payment is made by crossed cheque,it is made on two different invoices(i guess),so it will be allowed as deduction