Section 40A(3)

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..... Section 40A(3)
Query (Issue) Started By: - PANKAJ GROVER Dated:- 2-7-2011 Last Reply Date:- 8-7-2011 Income Tax
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Income Tax
Dear Sir, In case Foreign Brach Spent money in cash .....

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..... (In Foreign Currency) equivalent to more than Rs 20,000, whether Section 40A(3) will be attracted and the same will be disallowed. Regards RAPG & Co. Reply By Raj Kumar: The Reply: I think it sho .....

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..... uld be disallowed as the payment is released more than Rs.20000/- whether to pay an indian citizen or to any other. Thanxx...&...Regards..... Raj
Discussion Forum - Knowledge Sharing .....

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