which section of it act applicable if I purchase movable property exceed 20000 in cash and what will be the consequences..
thank you for ur reply
Sec. 40 A(3): Where any expenditure in respect of which payment is made in
excess of Rs. 20,000 at a time otherwise than by Account-payee cheque or
draft, 100% of such payment shall be disallowed, In Budget 2017 Limit Reduce to Rs 10,000 to Promot Digital Trancations.
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