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40a (3)

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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 ??
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
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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