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exp allowed u/s 40a

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(Querist)
08 April 2016 whether payment made to creditor in cash in excess of rs 20000 is eligible for deduction or not. or the purchase made from these creditor will be disallowed by assessing officer.
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Ankur Singhal

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Ankur Singhal (Expert)
08 April 2016 Dear
The purchases will be disallowed since it exceeds the limit of rs 20000.
Section 40A(3) gets attracted.

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