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Sec40A(3)

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(Querist)
25 June 2009 Hi,
As per latest Ammendment, if cash payment to one party in "one day" exceed Rs 20,000, the whole amount will be disallowed.
can any one tell me form which day this rule in applicable
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chetan soni

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chetan soni (Expert)
25 June 2009 w.e.f. 1-4-2008 i.e. A.Y. 2009-2010.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
25 June 2009 agree with the expert
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