Can a Refund of more than Rs. 20000.00 be given in cash for cancellation of tickets to person by a travel agent or it's a violation of sec.40A(3)...................
Thanks in advance...................
CA AMIT VIJAY (Manager-Audit) (123 Points)
04 September 2013Can a Refund of more than Rs. 20000.00 be given in cash for cancellation of tickets to person by a travel agent or it's a violation of sec.40A(3)...................
Thanks in advance...................
Aman
(Finance Professional)
(604 Points)
Replied 05 September 2013
it is disallowed under Sec 40A(3)...............
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