section 40A(3)

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satish (Querist)
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16 July 2011 Hi
I am doing doing audit of charitable society . In this regard I would like to know whether expenditure in cash exceeding Rs.20000 will be disallowed or not AND if not then is there any other penal provision for the same.

CA Navin Jain

CA Navin Jain (Expert)
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16 July 2011 Yes, Exp will be disallowed

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section 40A(3)

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