income tax
This query is : Resolved
25 March 2009
sir
whether 40A(3) is applicable in the following case
Mr.A purchased goods worth Rs. 15000 and Rs.16000 on 14-05-08 and on 20-05-08 respecively from Mr.B
and payments made on 25-05-08, Rs.31000 in cash
whether 40A(3) is applicable in the following case
Mr.A purchased goods worth Rs. 15000 and Rs.16000 on 14-05-08 and on 20-05-08 respecively from Mr.B
and payments made on 25-05-08, Rs.31000 in cash
25 March 2009
since bill are separate, and each are below Rs. 20000, no implication of 40A(3)
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25 March 2009
both payment and bill amt should be more than 20000 to disallow it u/s 40A(3)
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