New User / Regiser - Forget password
Section 40A - Expenses or payments not deductible in certain circumstances - Income-tax Act, 1961
Income-tax Act, 1961
1 Expenses or payments not deductible in certain circumstances. 40A. (1) The provisions of this section shall have effect notwithstanding anything to the contrary contained in any other provision of this Act relating to the computation of income under the head Profits and gains of business or profession . (2)(a) Where the assessee incurs any expenditure in respect of which payment has been or is to be made to any person referred to in clause (b) of this sub-section, and the 2 Assessing Officer i ....... - .......