Sec-40(a)(iii)
This query is : Resolved
soumyajeet pattnaik
(Querist)
03 April 2013
Whether staff loan paid to an employee more than 20,000 in cash will be allowed u/s 40(a)(iii) ?
CMA Ramesh Krishnan
(Expert)
02 August 2013
Sec.40A(3) not apply on loan., but sec.269SS & 269T will apply for loan by cash more than Rs.20000
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