Hello
if payment is made rs 10,000/- in f.y.2017-18
then it will disallowed or not(40A(3))
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section 40A(3)
Replies (5)
40A(3) is applicable from 01.04.2017 so any expense in cash above 10k will be disallowed expense.
Better break expenses.
okay Ruchika Madam
but if cash paid is 10000/-
then?
but if cash paid is 10000/-
then?
Above 10k is not allowed
So if its exact 10k then its allowed
okay thanks...
and what about cash paid to worker above 10k
and what about cash paid to worker above 10k
any expenses more than 10k is disallowed
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