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Disallowance u/s 40(a)(3)

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Querist : Anonymous (Querist)
28 September 2013 Whether a cash payment exceeding Rs.20000.00 made to a general insurance corporation which is a public sector undertaking disallowed u/s 40(A)(3)?
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Ashwani Narnoli

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Ashwani Narnoli (Expert)
28 September 2013 In my opinion since Rule 6 DD do not mention any PSU, hence this payment is disallowed under section 40(A)(3)

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