EXPENSES PARTLY PAID IN BANKING CHANNEL AND PARTLY IN CASH

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....XPENSES PARTLY PAID IN BANKING CHANNEL AND PARTLY IN CASH<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 5-10-2025 Last Reply Date:- 11-11-2025 Income Tax<br>Got 1 Reply<br>Incom....

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....e Tax<br>When An Expenditure is more than 10000 say 29000, I will discharge 20000 in banking channel and 9000 in cash, is it Not Attracted 40a(3). Reply By Padmanathan KV: The Reply: Sec. 40A (3) Wh....

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....ere the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee ban....

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....k draft,&nbsp;or use of electronic clearing system through a&nbsp;bank account or through such other electronic mode as may be prescribed, exceeds ten thousand rupees,&nbsp;no deduction shall be allow....

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....ed in respect of such expenditure. Payment of 9,000/- in cash will not attract the above provision.&nbsp;<br> Discussion Forum - Knowledge Sharing ....