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Section 40A(3)

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(Querist)
16 July 2009 is Rs.20000/- limit will also apply to any advance paid to contractor?
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
16 July 2009 If the amount is in respect of capital asset then the provision shall not be applicable else it would be applicable

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