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Disallowance under 40a(3)

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(Querist)
23 November 2012 Can I make payment to a creditor for goods purchased in cash greator than 20,000/- in a day?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
23 November 2012 no it is contravene of section 40a(3) the whole sum paid excedding to rs,20,000 will be disallowed
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Kushal Khandelwal

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Kushal Khandelwal (Querist)
24 November 2012 thank u....
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