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Sec-40(a)(iii)

This query is : Resolved 

03 April 2013 Whether staff loan paid to an employee more than 20,000 in cash will be allowed u/s 40(a)(iii) ?

02 August 2013 Sec.40A(3) not apply on loan., but sec.269SS & 269T will apply for loan by cash more than Rs.20000



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