SH made three different cash payments of ₹ 10,000, ₹ 10,000 and of ₹ 11,500 to a supplier for purchase of goods and material on 11th Sept., 2017. The payments were made during different times in the day. Amount to be disallowed u/s 40A(3) is :
A. 111,500
B. ₹ 31,500
C. NIL
D. None of the above
Answer:B
SH made three different cash payments of ₹ 10,000, ₹ 10,000 and of ₹ 11,500 to a supplier for purchase of goods and material on 11th Sept., 2017. The payments were made during different times in the day. Amount to be disallowed u/s 40A(3) is :
A. 111,500 B. ₹ 31,500 C. NIL D. None of the above