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40a(3)


18 June 2014 whether sec.40A(3) apply on trust & charitable institution ?


18 June 2014 Yes It is applicable .Exemption to rule 40A(3)given only in rule 6 DD. \
There is no specific exemption for Trust/Charitable Institutions.

18 June 2014 yes, all section for tds/limit of payment are applicable to all assesse.

21 June 2014 cash payment in excess of 20000 may be made by trust ?

21 June 2014 because trust have no business activity.
whether BUSINESS HEAD for EXPENSE point of view not apply?


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