Hope yesterday's question racked your brains..
The correct answer is Marginal Relief is not applicable
(rightly said by Anand amd Arvind)
Today's question is,
What is the new amendment in sec 40(A)(3) for A.Y. 2009-10?
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Hi Easwar here. I am not sure, just making a guess.
ReplyDeleteBefore disallowance was given when payments exceeded Rs.20000 and not done by an a/c payee cheque.
now in addition to above, if aggregate of payments in a day exceeds Rs. 20000, then also disallowance is to be given.
not sure abt this - if payments made this year and paid next year subsequently.