Expenditure u/s 40A(3)

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....xpenditure u/s 40A(3)<br> Query (Issue) Started By: - BSNL PUNJAB TELECOM CIRCLE Dated:- 20-9-2011 Last Reply Date:- 21-9-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>A company is involved in Real ....

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....Estate Business and it purchases land on which constructions activity is carried out and is sold in the form of flats. Certain amount of cash in excess of Rs. 20000/- has been paid against purchase of....

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.... land. Finally, the land will not be capitalised in the books of accounts. Further, Please advise whether the same will be disallowed u/s 40A(3) of the Income Tax Act, 1961. or not. Reply By GOPALJI ....

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....AGRAWAL: The Reply: Please find out the ways in exceptions mentioned in rule 6DD.<br> Discussion Forum - Knowledge Sharing ....