When a cash payment of ₹ 15,000 is made on 10th May 2020 towards the purchase of raw material affected in the earlier year, ie., on 5th June 2019, the amount liable for disallowance u/s 40A(3A) would be

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Question:When a cash payment of ₹ 15,000 is made on 10th May 2020 towards the purchase of raw material affected in the earlier year, ie., on 5th June 2019, the amount liable for disallowance u/s 40A(3A) would be

1.Nil

2.100% of payment

3.20% of such payment

4.30% of such payment

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  1. When a cash payment of ₹ 15,000 is made on 10th May 2020 towards the purchase of raw material affected in the earlier year, ie., on 5th June 2019, the amount liable for disallowance u/s 40A(3A) would be
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