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Sec 40a(3)

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 August 2017 Dear Experts.
Pls tell me weather limit of 10000 per is applicable even in case of purchase or not?

THANKS
KARAN GUPTA
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CA Suresh Jain

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CA Suresh Jain (Expert)
15 August 2017 It is very much applicable for purchases also
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 August 2017 Yes it is applicable on purchase only....
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CA Suresh Jain

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CA Suresh Jain (Expert)
15 August 2017 Section 40A(3) is applicable not only to purchases but also to all expenses except Capital expenditures.

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