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Sec40a(3) limit now 20000 or 30000

This query is : Resolved 
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(Querist)
05 July 2012 SIR,





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Ravikant

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Ravikant (Expert)
05 July 2012 As per section 40A(3), payments exceeding Rs.20,000 should be by account payee cheque or account payee bank draft but in case of payments made for plying, hiring or leasing goods carriages - Rs.35,000
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