Cash payment

This query is : Resolved 

18 April 2015 if we cash purchase raw material of Rs.100000. what it will be disallowed & in which section?

18 April 2015 yes it wil b diallowed under section 40a(3)

18 April 2015 http://www.simpletaxindia.net/2009/12/payment-exceeding-20000-40a3-exceptions.html




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