Disallowance under 40a(3)
This query is : Resolved
23 November 2012
Can I make payment to a creditor for goods purchased in cash greator than 20,000/- in a day?
23 November 2012
no it is contravene of section 40a(3) the whole sum paid excedding to rs,20,000 will be disallowed
24 November 2012
thank u....
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