Expenditure u/s 40A(3)

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..... A company is involved in Real Estate Business and it purchases land on which constructions activity is carried out and is sold in the form of flats. Certain amount of cash in excess of Rs. 20000/- has .....

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..... been paid against purchase of land. Finally, the land will not be capitalised in the books of accounts. Further, Please advise whether the same will be disallowed u/s 40A(3) of the Income Tax Ac .....

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..... t, 1961 . or not. - Reply By GOPALJI AGRAWAL - The Reply = Please find out the ways in exceptions mentioned in rule 6DD. - Expenditure u/s 40A(3) - Query Started By: - BSNL PUNJAB TELECOM CIRCLE .....

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..... Dated:- 20-9-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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