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Exceptions to Restriction on Cash Payments under Section 40A(3) of the Income Tax Act, 1961



Section 40A(3) provides for restrictions on cash payments exceeding certain limits. Rule 6-DD was framed by the Central Board of Direct Taxes which provides for cases and circumstances in which payments exceeding Rs 10,000 or Rs 35,000 in case of payment to transport operators (for plying, hiring or
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