Section 40A(3) of Income
Tax Act, 1961 deals with cash expenditures. Expenditure of cash payment of over
Rs. 10,000 or more shall be disallowed under Income Tax.
It is important to make
payments of over Rs. 10,000 through banking channels
Section 40A(3) of Income
Tax Act, 1961 deals with cash expenditures. Expenditure of cash payment of over
Rs. 10,000 or more shall be disallowed under Income Tax.
It is important to make
payments of over Rs. 10,000 through banking channels
Vidhu Duggal and Company (‘VDC’) is a Delhi-based Chartered Accountancy firm with a strong staff of competent and proficient Chartered Accountants that are capable of handling all aspects of the financial services industry.
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