sec 40a(3)

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surendra kumar sah (Querist)
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04 June 2011 on 1.4.11 expences inccurred 1000/-
on 5.4.11 expences inccurred 1000/-
on 10.4.11 expences inccurred 1000/-
on 13.4.11 expences inccurred 1000/-
0n 21.4.11 expences inccurred 1000/-
total 50000/-
on 25.4.11 50000/- paid in cash it allowed or not. u/s it act.

Rakesh Jain

Rakesh Jain (Expert)
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04 June 2011 Dear Surendra,

In your Example all expenses are allowed as the business exp. Above case doesnt attract the provision of Sec 40A(3).

With Regards,