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TMI Blogcash expenditure / expneses u/s 40A(3)X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All Members , I have one querry regarding Section 40A (3) regarding disallowability of cash expenditure of exceeding Rs.20,000 /- at a time . I have one doubt that if A purchases goods worth Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 70,000 /- and paid Rs.15000/- at one time in a day but during 2009 -10 on few occassions he paid in cash but not exceeding Rs.20,000/- at a time but during whole day it is Rs.40,000 /- to the same p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erson . Earlier the ceiling was Rs.20,000 /- on one occassion as per my memory .But whether it is now as Rs.20,000/- per day instead of one time ? Please clarify the same . Thanks to all BAL KRISHAN G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ARG - Reply By GOPALJI AGRAWAL - The Reply = Yes, Balkishan Ji. From the AY 2009-10, the limit is Rs. 20000/- per expendidure per day. - Reply By Surender Gupta - The Reply = Yes, the views of Gopal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ji are correct. The provisions of section 40A(3) has been amended vide Finance Act, 2008, w.e.f. 1-4-2009 - cash expenditure / expneses u/s 40A(3) - Query Started By: - BAL KRISHAN GARG Dated:- 2-6-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 010 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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