Each bill of transporter ranges approx. between 40000-50000 and the payment is made in cash against each bill as the transporters were not ready to take their payment via a/c payee cheque or bank braft, so it is not allowed as per sec 40a 3 of the income tax act. now the case is under scrutiny.is their any remedy to overcome dis situation?Is there any provision in law by which we can convince the AO that as the transporters were not ready to take their payment via cheque or bank draft, so there was no other way...
CAclubindia
