Ravi & Co. paid ₹ 40,000 in cash to Mr. Balu a supplier on 5.9.2020. The cash payment was made on the day on which the bank was on strike. The amount of expenditure liable for disallowance under section 40A(3) is:

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Question:Ravi & Co. paid ₹ 40,000 in cash to Mr. Balu a supplier on 5.9.2020. The cash payment was made on the day on which the bank was on strike. The amount of expenditure liable for disallowance under section 40A(3) is:

1.₹ 40,000

2.₹ 12,000

3. ₹ 20,000

4. Nil

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  1. Ravi & Co. paid ₹ 40,000 in cash to Mr. Balu a supplier on 5.9.2020. The cash payment was made on the day on which the bank was on strike. The amount of expenditure liable for disallowance under section 40A(3) is:
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