Sec 40 (A)3
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
can we repaid loan amount above 20000 through cash without attracted sec 40 (A)3?
Aditya Maheshwari
(Expert)
20 January 2011
40A(3) would not be attracted but provisions of section 269T will be applicable and will attract appropriate penalty.
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