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Sec 40a(3)

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(Querist)
16 July 2013 Is section 40a(3) applicable for cash payments exceeding rs 20,000 made by branch to head office??

how is it applicable when cash is paid by one branch to another??

any exemption there...pls explain.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 July 2013 If paid on behalf of some expenses then disallowed,otherwise no

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