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Sec 40A(3) cash payment exceed Rs 20000

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(Querist)
17 July 2009 can anybody give me an advice that if i make a payment on cash below rs.20000in a day and in another day also Rs.less than 20000 against a bill.

can i get the exemption from disallowability of this section

Thanx
Amit Bansal
caamitbansal2007@gmail.com
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
17 July 2009 Yes. If you are making payments on diferrent dates, then you can claim the deduction of that expenditure.
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taxindiaconnect

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taxindiaconnect (Expert)
17 July 2009 Agreed
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