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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2011 My question is regarding Real time gross settlement fund transfer scheme.
I want to know if this type of fund transfer attract provisions of Sec 40a if he amount transferred is more than Rs. 20,000/-.
Thanks
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CA SAURABH GARG

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CA SAURABH GARG (Expert)
06 May 2011 yes attract. Whatever is the payment mode.

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