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Cash payment

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(Querist)
03 April 2017 cash payment for exp. is disallow if made above then 10000
But if a trading concern or manufacturing concern then for purchase of stock, is limit of 10000 is applicable ??
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CA Gopal Somani

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CA Gopal Somani (Expert)
03 April 2017 Yes It is applicable.

Please check below link form more details
http://www.charteredclub.com/section-40a3/

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