Discuss section 40A of income tax act?

Expenses or payments not deductible in certain circumstances (1) The provisions of this section shall have effect notwithstanding anything to the contrary contained in any other provision of this Act relating to the computation of income under the head” Profits and gains of business or profession”. (2) (a) Where the assesse incurs any expenditure in…...

To get access, please buy CA Interview Question Bank
Scroll to Top