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Sec 40 (A)3

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2011 can we repaid loan amount above 20000 through cash without attracted sec 40 (A)3?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 January 2011 40A(3) would not be attracted but provisions of section 269T will be applicable and will attract appropriate penalty.

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