1)
For a Single Invoice Rs.60000/-
Payment made in cash as follows
on 2nd jan 2012 Rs.20000/-
on 3rd jan 2012 Rs.20000/-
on 4th jan 2012 Rs.20000/-
Q-WILL THE ABOVE TRANSACTION BE ATTRACTED BY SEC 40A(3) ?
2)
For a Single Invoice Rs.60000/-
Payment RECEIVED in cash as follows
on 2nd jan 2012 Rs.30000/-
on 3rd jan 2012 Rs.30000/-
Q- SHOULD THE CASH RECEIVING COMPANY BE WORRIED ABOUT ANY PENALTY OR DISALLOWANCE ?
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