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income tax audit U/s 40

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 September 2010 dear sir / madam

My query is whether purchases made incash of above Rs.20000/- are disallowed while computing tax of any firm/company/ individual.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 September 2010 Section 40A(3) applicable for all assessees. So it will be disallowed.

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