Business Expenditure in Cash is permitted up to Rs. 20, 000 – Section 40A(3)

Business expenditure paid in cash to a person in a single day is allowed up to Rs. 20, 000. If you make different payments at a different time in a single day which aggregate to more than Rs. 20, 000 then the entire expenditure will be disallowed as business expenditure. In the case of plying, … Read More » "Business Expenditure in Cash is permitted up to Rs. 20, 000 – Section 40A(3)"