Accounting treatment under sec 40(a)3 , Income Tax

[Jatinder Maan]

pls provide the provision for accounting tratment under sec 40(a)3 of Income Tax Act, 1961.

Posts / Replies

[Mukesh Kumar]

Do you mean 40A(3) - this section is related to disallowance of an expenditure incurred in case in excess of Rs. 20,000/-.

[DEV KUMAR KOTHARI]

Sorry your query appears to be wrong, incomplete, and misleading. This shows utter lack of your seriousness on the subject. Discussion forum is not for fun it is for discussion. This column of www.taxmanagementindia.com is to initiate discussion and ascertain various possible views to further the object of learning and sharing knowledge and to clear doubts. The issue placed should include some basic information about the subject matter so that readers can at least have some idea about the issue, problem ,related provisions and off course the views of the initiator of the issue. This will be helpful in getting better response from learned readers. In absence of the same, the readers cannot be serious about the issue and willing to spare time to merely provide information and solutions. This is my personal view.