Sayed Maqsood Ahmed 21 September 2023
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 21 September 2023
Section 40A(3A) Disallowance for Expenditure allowed on Accrual Basis in Previous Year Rule 6DD- Exceptions to Section 40A(3) and 40A(3A)
In the Following cases, even if payment is made in other than prescribed modes, no disallowance will be attracted.
1) Any Payment made to: RBI or any Bank State Bank of India or any of its subsidiary Any Co-operative Bank or Land Mortgage Bank Any Primary Agricultural Society Life Insurance Corporation.