Please Help: Sec. 40A(3) of I.Tax Act 1961
Posted Date : 02-Sep-2014 , 11:51:48 pm | Posted By Harshit
Will payment made to KESCO (Electricity Co.) for an amount exceeding Rs. 20,000/- in cash, would be allowed?
Category : Income Tax | Answers : 1 | Comments : 0 | Hits : 198
Answers
Answer By: shankygarg
It will be Dis-allowed because payment is more than Rs.20000 & for electricity exp. payment can be made through Cheque.
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