A Ltd. paid ₹ 40,000 by cash to Mr. Q a supplier on 5/9/2023 on which the Nationalised bank was on strike. The amount of expenditure liable for disallowance u/s 40A(3) is:
CS Executive · Tax Laws · PYQS · December 2024
A Ltd. paid ₹ 40,000 by cash to Mr. Q a supplier on 5/9/2023 on which the Nationalised bank was on strike. The amount of expenditure liable for disallowance u/s 40A(3) is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act
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