23 December 2009
WE HAVE MADE A PAYMENT OF RS 23500.00 IN CASH IN A DAY in the Asstt Yr 2007-08 A.O. WILL ADD 23500.00 OR RS 3500.00 UNDER SECTION 40A 3.
23 December 2009
presently whole amount is disallowed u/s section 40A(3) if payment is made in excess of Rs. 20000/- in cash to a same person in a day.
Hence whole amount of Rs. 23500/- will be disallowed by A.O.