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40a(3) dis-allowance

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(Querist)
21 November 2015 Whether sales incentive given to an employee above Rs. 20000 in cash attracts Sec. 40A(3) of I.T. Act?
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shivaji prasad bhimavarapu

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shivaji prasad bhimavarapu (Expert)
21 November 2015 Yes. Attracts

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