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Section 40a(3) read with rule 6dd

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2013 can a various invoice all above rs 500,000 relating to a single party be paid at installments upto Rs 20000 in different dates.What is the relevance of invoice value for rule 6dd.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 June 2013 Sec.40A(3) apply for the transaction by cash more than Rs.20000 in single day.

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