Cash Purchase of Bricks Exempt from Disallowance u/s 40A(3) Due to Payments Below Rs. 20,000 Threshold. https://www.taxtmi.com/highlights?id=16784 Disallowance u/s 40A(3) – purchase of bricks for Rs. 2,52,000/- though made in cash but each voucher was for below Rs. 20,000/- section 40A(3) will not apply - AT en-us Wed, 15 Jan 2014 10:46:31 +0530 Wed, 15 Jan 2014 10:46:31 +0530 TaxTMI RSS Generator Cash Purchase of Bricks Exempt from Disallowance u/s 40A(3) Due to Payments Below Rs. 20,000 Threshold. https://www.taxtmi.com/highlights?id=16784 Disallowance u/s 40A(3) – purchase of bricks for Rs. 2,52,000/- though made in cash but each voucher was for below Rs. 20,000/- section 40A(3) will not apply - AT Highlights Income Tax Wed, 15 Jan 2014 10:46:31 +0530 https://www.taxtmi.com/highlights?id=16784