Dear friends
Whether sec 40A(3) will applicabe, if cash payment made morethan Rs 20000 as an advance for supply of materials?
Rgds
santosh
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SEc 40A(3) of Income tax
Replies (6)
Yes.
yes
Recently this section has been amened by finance bill (No 2)2009, please refer that also.
yes
Hi Bagrecha
Thanks for giving details.........
yes it shall be applicable
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