Summary that can disallow your Income tax deduction with Sections-
Section 40A(3): Cash expenses exceeding Rs. 10,000 to a single person in a day, or Rs. 35,000 for goods carriages, may be disallowed. Exceptions are detailed in Rule 6DD. Section 43(1): Expenditure exceeding Rs. 10,000 to a single person in a day for asset acquisition is excluded from actual cost, affecting depreciation claims. Section 80D: …
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