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According to section 40A(3), where the assessee incurs any expenditure in respect of which payment is made in a sum exceeding ______ otherwise than by a crossed cheque or crossed bank draft, ____ percent of such expenditure shall not be allowed as a deduction

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Related Test: CMA Intermediate Exam: Direct Taxation


1. According to section 40A(3), where the assessee incurs any expenditure in respect of which payment is made in a sum exceeding ______ otherwise than by a crossed cheque or crossed bank draft, ____ percent of such expenditure shall not be allowed as a deduction





 
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