12 May 2017
Good Evening
I have a doubt that sec 40A(3) says any expenditure in respect of which payment or aggregate of payments .......
what does any expenditure refers to?
if we have paid to a transporter against 2 bills of 30000 each in cash on same day
will it be covered here and the expenditure be disallowed?
plz note any expenditure word is used not an expenditure
plz reply
12 May 2017
Thanks
but i want to know whether in my example payment of 2 bills of transporter on same day to same person are considered as two expenditures or one expenditure and how 35000 needs to be seen for individual 30000 or 60000 because any ecpenditure word is used not an expenditure
CAclubindia
