Poonawalla fincorps
Poonawalla fincorps

Regarding section 40(a)(3)

This query is : Resolved 
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(Querist)
19 June 2014 Sir,

I have paid lease rent to Government (to DDC) of Rs. 25000 i.e more than 20,000 on a single day in cash So whether it will be disallowed u/s 40(a)(3) of Income Tax Act

Thank You
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 June 2014 should not be disallowed provided DDC is covered under Rule 6DD(b)

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