SEC 40A(3)

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....EC 40A(3)<br> Query (Issue) Started By: - KUMAR Narasimhan Dated:- 7-7-2021 Last Reply Date:- 13-7-2021 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir/Madam, Please clarify the below Query u/s 4....

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....0A(3) Mr. X purchased goods on credit on 01.08.2017 for &#8377; 29,000. He makes payment of bills as follows:- On 02.08.2017 &#8377; 10,000 On 03.08.2017 &#8377; 9,000 On 04.08.2017 &#8377; 10,000. ....

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....He made all 3 bills through cash payment. Whether such an expenditure shall be allowed or disallowed u/s 40A(3)? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view allowed.<br> Discussion Fo....

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