40a (3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2012
would sec 40a(3) be applicable if a company first deposits Rs.50000 cash in Bank and then makes payment ??
03 February 2012
No 40A(3)would not be applicable in this case. You should have cash balance in hand on that day.
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