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Sec40 A(3) An expenditure is disallowed if the payment towards the expenditure in a a day to a person exceeds 10k. Does it mean i can but an AC for say 30k and make payment in 3 instalment on 3 consecutive days and still claim deduction u/s 32 depreciation?


Venkatesh Rathinam

Venkatesh Rathinam

CA Inter

13K+

23-Apr-20 16:50

22

Answers (1)

Yes.


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Apr-20 09:01

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