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Section 40A(3)

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....ection 40A(3)<br> Query (Issue) Started By: - PANKAJ GROVER Dated:- 2-7-2011 Last Reply Date:- 8-7-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir, In case Foreign Brach Spent money in cash ....

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....(In Foreign Currency) equivalent to more than Rs 20,000, whether Section 40A(3) will be attracted and the same will be disallowed. Regards RAPG & Co. Reply By Raj Kumar: The Reply: I think it shou....

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....ld be disallowed as the payment is released more than Rs.20000/- whether to pay an indian citizen or to any other. Thanxx...&...Regards..... Raj<br> Discussion Forum - Knowledge Sharing ....

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