As per 40a(3) drawings with drawn by proprietor through cash
durgaprasad (accounts executive) (225 Points)
14 April 2017durgaprasad (accounts executive) (225 Points)
14 April 2017
Sumeet
(CA)
(537 Points)
Replied 14 April 2017
Section 40A(3) is for Expenditure (Revenue & Capital Both). It will not be applicable in case of withdrawl of cash by Proprietor.
durgaprasad
(accounts executive)
(225 Points)
Replied 14 April 2017
thank you for valuable response and suggestion
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)