Cash refund
This query is : Resolved
09 September 2012
Kya hum kisi ko 20,000/- se jyada cash refund kar sakte hai. If yes Plz tell me sec. also
Pankaj Gupta
(Expert)
09 September 2012
You are talking about sec 40A(3) & sec 40A(3A). But Dear Arjun, These sec applies only when you incur any kind of expenditure.
As refund is not an expenditure , therefore do not fall under these sec . Therefore you can refund any amount without limit in cash.
As refund is not an expenditure , therefore do not fall under these sec . Therefore you can refund any amount without limit in cash.
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