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Disallowance u/s 40a(3)

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2012 Sir If Purchases of Direct Material,Fixed Assets by Cash above Rs. 20,000 Will Disallow U/s 40A(3)??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 February 2012 yes. section.40A(3) applicable for material & fixed assets purchase also.

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