Suhani purchased goods from relatives for ₹ 60,000 which were having a fair market value of ₹ 48,000. She made the payment in cash. The amount disallowed u/s 40A(2) and 40A(3) will be ………… & ……….. respectively.
A. 12,000 & 48,000
B. Nil & 60,000
C. 12,000 & 60,000
D. Nil & 48,000
Answer:A
Suhani purchased goods from relatives for ₹ 60,000 which were having a fair market value of ₹ 48,000. She made the payment in cash. The amount disallowed u/s 40A(2) and 40A(3) will be ………… & ……….. respectively.
A. 12,000 & 48,000 B. Nil & 60,000 C. 12,000 & 60,000 D. Nil & 48,000