section 40 a(3)

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STUDENT
14 Points Joined March 2018
this section is applicable if I made payment more than 10000 in cash for purchase of goods
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On 24 August 2018 at 12:42 Report
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CA
609 Points Joined August 2018
Yes..Section 40A(3) applies for amounts incurred under Revenue Expenditure only but not for the capital expenditure. Expenditure debitable to Profit & Loss account comes under the purview of Sec.40A(3) of the Act
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On 24 August 2018 at 13:58


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