ELECTRICITY BILL PAID IN CASH-40(A)3-OPINION

Posted: 25 Apr 2010 08:23 PM PDT

Whether electricity bill of Rs. 25,000/- paid in cash allowable under the Income tax Act. Electric bill is paid for the construction site under construction . The assessee is a Builder. The payment is technically covered by the provision of Sec. 40A(3) and would prima-facie attract...

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