Section 40A(3/3A) I Restrictions on Expenditure (Capital & Revenue)

CA.R.S.KALRA , Last updated: 05 February 2021  
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Analysis of Section 40A(3) and 40A(3A) (a) Analysis of sec 40A(3) of the Act. Where payment is made in the year the expenditure is incurred: 100% disallowance of payment if in excess of Rs. 10,000 and not by a/c payee cheque/draft/ECS. [Sec 40A(3)] There are following two conditions for the ap

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CA.R.S.KALRA
(C.A.)
Category Income Tax   Report

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