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Section 40a(3)

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(Querist)
05 December 2011 Single cash paid in advance for revenue expenditure amounting to Rs.40,000/- in a year. But expenses booked in subsequent year.

Which year we should disallow the expenses?? The year of payment or expenses booked???

Please tell me.. its urgent..
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Ratan Sharma

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Ratan Sharma (Expert)
05 December 2011 It will be disallowed in the year in which expenses is booked in the books of accounts.

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