section 40 a(3)
bharat (STUDENT) (14 Points)
24 August 2018
this section is applicable if I made payment more than 10000 in cash for purchase of goods
1 Replies
CA P V N Varma
(CA )
(609 Points)
Replied 24 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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