Disallow the benefits of section 40A(3),(3A) - fragmented ...

Income Tax Act: Section 40A(3) Amendment on Payment Fragmentation Not Retrospective, Excludes Pre-2009 Assessment Years.

June 9, 2012

Case Laws Income Tax HC

Disallow the benefits of section 40A(3),(3A) - fragmented payments made in a day more than Rs. 20,000 – in the year 2009, the Parliament had amended the provision and added word “aggregate” in the section 40(3) - Since the benefit of the amended provision was not available during the assessment year and is not retrospective in nature no point of disallowance - HC

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Disallow the benefits of section 40A(3),(3A) - fragmented ...

Income Tax Act: Section 40A(3) Amendment on Payment Fragmentation Not Retrospective, Excludes Pre-2009 Assessment Years.

June 9, 2012

Case Laws Income Tax HC

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