40(A)3
This query is : Resolved
30 July 2010
please tell me whether 20000/- payments covers credit card?
30 July 2010
I hope credit card payment will not be covered U/s 40 A (3)
30 July 2010
No it does not cover credit card.
please check above link---
http://www.simpletaxindia.org/2009/12/payment-exceeding-20000-40a3-exceptions.html
please check above link---
http://www.simpletaxindia.org/2009/12/payment-exceeding-20000-40a3-exceptions.html
30 July 2010
Thank you CMA sanjay Gupta for confirmation of the above view
Conclusion
Credit card payment doesnot fall within the purview
Conclusion
Credit card payment doesnot fall within the purview
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