Easy Office
LCI Learning

section 40(A) (3)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 July 2010 Since payment of expenses >20,000/- as covered by sec. 40(A)(3).
NOW PLEASE TELL ME WHETHER PAYMENT OF >20,000/- BY "CREDIT CARD/ DEBIT CARD"
IS ALSO COVERED BY THE SECTION
or SOME EXCEPTION HAVE BEEN MADE.
Profile Image

CA. Anoop Gadia

Profile Image

CA. Anoop Gadia (Expert)
23 July 2010 more than 20000 paid by cash are disallowed but if payment made by credit card is not covered by this section.

Ref. Exceptions of sec. 40 (A) (3).
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
23 July 2010 in case of tranporter you can pay up to 35000/=

payment made by credit card is not covered by this section.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links