Home Forum Income Tax Month 7 2021 2021 (7) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
SEC 40A(3) - Income TaxExtract Dear Sir/Madam, Please clarify the below Query u/s 40A(3) Mr. X purchased goods on credit on 01.08.2017 for ₹ 29,000. He makes payment of bills as follows:- On 02.08.2017 ₹ 10,000 On 03.08.2017 ₹ 9,000 On 04.08.2017 ₹ 10,000. He made all 3 bills through cash payment. Whether such an expenditure shall be allowed or disallowed u/s 40A(3) ?
|