11 August 2009
U/S 40A(3) anycash payment of more than 35000/= for a single purchase of raw material or expenditure will be disallowed, in the given case invoices must be issued by two separate entities, hence will be allowed. Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
11 August 2009
U/S 40A(3) anycash payment of more than 35000/= for a single purchase of raw material or expenditure will be disallowed, in the given case invoices must be issued by two separate entities, hence will be allowed. Further any cash payment of more than 35000/= for any capital expenditure will be allowed.
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