This is Mohammed Ghouse, I am in CA Finals. I need a clarification on the following:
Whether Restriction stated in S. 40A(3)of IT Act is applicable on bill/invoice wise or payment wise. Supposing an expenditure of Rs. 1 lacs (covered by single bill) is paid off as Rs. 20000 each on different occasion supported by diffrent cash voucher, whether still the above said section is attracted.
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