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exp allowed u.s 40a
whether payment made to creditor in cash in excess of rs 20000 is eligible for deduction or not. or the purchase made from these creditor will be disallowed by assessing officer.
Replies (3)
DISALLOWED U/S 40A(3)
Disallowed. Dude read section carefully you will get your answer more clearly.
but as far as i read , as per rule 6dd , the payment made against stock is not covered in sec 40a.
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