Under section 40A(3), if a payment of more than ₹ 10,000 is made otherwise then by an account cheque or an account payee draft, through ECS, or through such other electronic mode as may be prescribed, ……….. % of the expenditure, which otherwise would have been allowed, shall be disallowed.
A. 30%
B. 100%
C. 20%
D. 15%
Answer:B
Under section 40A(3), if a payment of more than ₹ 10,000 is made otherwise then by an account cheque or an account payee draft, through ECS, or through such other electronic mode as may be prescribed, ……….. % of the expenditure, which otherwise would have been allowed, shall be disallowed.
A. 30% B. 100% C. 20% D. 15%