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DOUBT REGARDING SECTION 40A(3)

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(Querist)
27 September 2019 WE ALL KNOW THAT THERE SHOULD NOT BE ANY CASH EXPENDITURE IN BUSINESS WHICH EXCEEDS 10,000. MY DOUBT IS IF I SPEND CASH ON INVESTING IN CAPITAL OF THE FIRM , DOES THIS ALSO COME UNDER THIS SECTION?? EXPERTS PLEASE HELP!!!!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 September 2019 No, it will not come under this section.
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Santoshsainandan Kautha

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Santoshsainandan Kautha (Querist)
27 September 2019 THANK YOU SEETHARAMAN SIR!!!
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