Respected Sir / Madam,
Whether dis allowance under section 40A(3) is applicable for- ' an agriculture export company purchased Fire wood from saw mill and paid cash more than 20000/- in a sigle payment ' such wood is used for boiler in company
Rakesh Bandal (Self Employed and Agriculture) (1349 Points)
22 October 2016Respected Sir / Madam,
Whether dis allowance under section 40A(3) is applicable for- ' an agriculture export company purchased Fire wood from saw mill and paid cash more than 20000/- in a sigle payment ' such wood is used for boiler in company
Prajakta Save
(Chartered Accountant)
(46 Points)
Replied 24 October 2016
exception is available only when payment made to cultivator, grower or producer of agriculture products.
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 05 November 2016
Thank you madam