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Cash payment as per new provision

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2017 I want to know whether Cash Payment per day Rs 10000/- is applicable to following case

For Payment of Goods Purchased for Trading in regular Business
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 April 2017 Yes. Please see section 40A(3) of the Income tax Act,1961.

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