would it be allowed u/s 40(a)3 , to make payment of rs more then 20000 in cash to an agent for depositing the tax to tax dept. pls reply..
ca sweeti gulati (CA Practice ) (90 Points)
02 January 2014would it be allowed u/s 40(a)3 , to make payment of rs more then 20000 in cash to an agent for depositing the tax to tax dept. pls reply..
CA and CMA Ravinder Singh
(CA and CMA)
(853 Points)
Replied 02 January 2014
yes, it is allowed....it does not fall within the purview of section 40A(3)........
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