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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Payment of expenditure in cash in excess of ₹ 20,000/- - ...


Section 40A(3) Income Tax Act: Cash Payment Limit of Rs. 20,000 Not Applicable to Capital Expenditures.

September 19, 2016

Case Laws     Income Tax     AT

Payment of expenditure in cash in excess of ₹ 20,000/- - Provisions of section 40A(3) are not applicable to capital expenditure. - AT

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