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Section 40A(3)

Direct Taxation

Does disallowance of expenditure applicable if payments exceed ₹10,000 and payment is through account payee cheque?

Rinuja TK

CA Inter

★ 10K+

28-Jun-24 17:57

Answers (2)

Jai Adithya

CA Inter

★ 14K+

28-Jun-24 19:47

Disallowance will apply only when payment is made by way of other than account payee cheque or draft.

Shiva Teja

Faculty

30-Jun-24 15:58

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