Sec 40 a 3

This query is : Resolved 

25 December 2013 is there any penalty for violating sec40A 3. if yes under which section it is fined?!!

25 December 2013 refer sec 40A (3) which itself disallows the full amount if it violates it condition of any cash exp in a day which exceeds rs 20,000.

No sep penalty provided.



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