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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 January 2014 Dear all i have made payment to BEST more than 20000.so it is allowable or disallowable u/s 40(a) (3)
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
23 January 2014 cash payment for above specified purposes are disallowed u/s 40A(3) of Income Tax Act, 1961 and Rule 6DD of Income Tax Rules, 1962.......... if payment is being made on a single day and also to a single person............

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