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(Querist)
17 August 2009 Dear Sir,
As you said there is an limit for the cash payment toward expenses and contractors i.e. of Rs.20K. Can you give some more details relating to this?

Regards
Vikram B S
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Jitender

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Jitender (Expert)
17 August 2009 refer sec 40A(3) of income tax act 1961
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CA. Amit Daga

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CA. Amit Daga (Expert)
18 August 2009 read the provision first
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