Tag Archives: Section 40A (3)

Section 40A(3) of Income-tax Act 1961 :Disallowance of cash payments

Section 40A(3) of Income-tax Act 1961 As per Section 40A(3) of Income tax Act – Disallowance  of Expenses if Paid in cash Exceeding Rs 20000 Section 40A of Income tax act deals with certain circumstances in which Expenses or payments not deductible  As per Section 40A(3) of Income tax Act :- Where the assessee incurs any expenditure in… Read More »