Sec 40 a 3

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sruthireddy (Querist)
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11 April 2014 hi,

please let me know weather pooja materials amounting to Rs.28000/- is allowed under Sec 40 a 3

Regards
Sruthi

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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11 April 2014 If such expenses incurred by cash on a single day with a single bill for the one person and it is debited to P&L account then section 40A(3) shall attract.

OM SAI SRI SAI JAI JAI SAI

sruthireddy

sruthireddy (Querist)
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11 April 2014 Thank u for responding ,but now is this allowable or any deduction shall be done from this amount

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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12 April 2014 I already told you if that expenditure is revenue nature and debited to P&L account and incurred in cash then it is disallow expenditure u/s 40A(3).

OM SAI SRI SAI JAI JAI SAI