Cash payment under section 40A(3)
This query is : Resolved
02 March 2023
If a person or a company pays through cash exceeding ₹20000 of agricultural product scrap like rusk or jute .Would this payment will be allowed or disallowed as per sec 40A(3)?
Would agricultural product scrap would come under agricultural product ?
Would agricultural product scrap would come under agricultural product ?
02 March 2023
If you are paying cash amount to any farmer, it will not be disallowed.
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