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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2011 if cash payment made for exp. is 19,999.51 then this section will apply or not. apply section 288A.


section 40a(3) refers EXCEEDING 20,000.
please give me case law if u have.
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Ravikant

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Ravikant (Expert)
31 August 2011 40 A (3) will not apply,
Sec 288A cant be applied to Cash payment, as it is applied to tax
and it should exceed 20000

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