cash expenses payment exceeding 20000
This query is : Resolved
18 March 2010
Payment of Rs.30000 in a single day and to same person but against two seperate bills of Rs. 15000, whether disallowed or not?
18 March 2010
Yes the expenses are allowed as section
40A(3) is applicable in respect of
"AN EXPENDITURE" in excess of 20000 , in the given case payment is made for 2 different bill , hence allowed expenditure
40A(3) is applicable in respect of
"AN EXPENDITURE" in excess of 20000 , in the given case payment is made for 2 different bill , hence allowed expenditure
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1 times
18 March 2010
agree with Mr.Robin
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