04 December 2014
I don't know what is your query, but let me tell you this expense will not be allowed as deduction per section 40A(3)
Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.
CAclubindia
