. WHETHER ANY PENALTY IS LEVIABLE UNDER INCOME TAX ACT IF PURCHASE AMOUNT OF MORE THAN RS.20,000 IS PAID BY WAY OF CASH WHILE PURCHASING IMMOVABLE PROPERTY.
Menu
Penalties
Replies (2)
IF YOU ARE PURCHASE FIXED ASSET AND MAKE PAYMENT BY CASH ABOVE RS 20000,,THAN THERE IS NO PELANTY AS PER 40 A
No penalty would be attracted.
Related Topics
CAclubindia
