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Section payment 40a(3)

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2014 Please answer this

I have payment of rs.12000 against one bill and this bill amount is 40000 can be this cash expenditure is allowed or not.
than 18000 and remaing amount pay subsequent in cash
this expenses is allowed or not. refer with u/s 40A(3)
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 September 2014 Expenses allowed since the the cash payment does not exceed Rs 20000 in a single day.

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