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Dis allowance u/s 40a(3) payment made > 20000

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(Querist)
27 August 2014 My question is that

if partners of the firm discharge liability of the firm from their own bank account or through cash ... and firm made "cash payment" to the partners ... only because of discharging liability on behalf of firm .

In that case section 40A(3) attract or not ?????
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Rupesh Jain

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Rupesh Jain (Expert)
27 August 2014 if you make payment to any state and central act then its nor required to report for payment exceeds over rs. 20000/-
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Haresh Kumar

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Haresh Kumar (Querist)
27 August 2014 Rupesh ji

if payment is made to other persona ??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 August 2014 Sec.40A(3) apply this case since payment to partners as cash
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Rupesh Jain

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Rupesh Jain (Expert)
29 August 2014 then disallowed will be applicable.

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