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Provision of sec 40(a) (3) & 269 ss & 269 t

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2012 Dear Sir,
I am a new article assistant & just joined a firm for my article-ship in my work of tax audit I did not understand the proper difference and meaning of sec 269SS & 269T & of provision of sec 40(A)(3).
Therefore please provide me your opinion about it to help me regarding this.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
16 February 2012 Transcation of accepting and paying of LOAN and DEPOSITS are covered under section 269SS and 269T..

40(A)(3) coveres the expenses..

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