SEC 40(A)(3)

Natesh (CA Practice ) (71 Points)

06 June 2008  

I have query that as per SEc 40 (A)(3) cash payment above 20000 should be paid in cross cheque however

i have doubt that whether payment towards purchase of fixed asset also to be paid in Cheque if it is above 20000 or no need in particular is there in additions to income if payment already made