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40(a)(3)

124 views 2 replies

prasad

government employee

225 Points Joined March 2017

whether or not the provisions of section 40(a)(3) if the assessee gives advance for any expenses to be incurred in cash mode?

Replies (2)

ANIMESH CHOWDHARY

Practicing CA

305 Points Joined November 2018

No. Sec 40A(3) will not attract when advance has been made in cash for expense. Please find attached case law regard this. I hope you will find this helpful.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes... I agreed to Mr ANIMESH CHOWDHARY.,

The said section not attracted in the above said activity at the time of Advance...

Note : It's not applicable at the time of Advance. But, Any expenditure will make above 10k against the advance then its kicked on the expenditure.