Latest Provision of Section 40 A(3)

This query is : Resolved 

21 August 2009 Sir,
I would like to know the latest provisions of section 40A(3)rule6DD and i also want to know that there is any limit of disallowance of revenue expenses say Rs.50,000, please reply me immediately

with best regards
Pardeep Tyagi

21 August 2009 revenue expenses over Rs. 20,000/- PAID TO A SINGLE PARTY IN A DAY will be dissallowed henceforth. If Rs. 50,000/- is paid in cash and the expenses is debited to revenue account then the same will be dissallowed.

21 August 2009 revenue expenses over Rs. 20,000/- PAID TO A SINGLE PARTY IN A DAY will be dissallowed henceforth. If Rs. 50,000/- is paid in cash and the expenses is debited to revenue account then the same will be dissallowed.


21 August 2009 ratan can you tell me from when it will be applicable



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