sec 40A(3) of Income Tax Act,1961
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2011
hi, i want to ask that if I deposited Rs. 30000 on my clients Bank A/c, then is it be allowed or not.
20 May 2011
for what u have depsoited the amt. and under which section your client asks for dection.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2011
sir, i have deposited for the payment as he is my creditor.
20 May 2011
If it is not by crossedaccount payee cheque than it is not deductible
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