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section 40A(3)
If we purchase stamp paper of Rs 28000 in cash. Whether is it allowed or disallowed under section 40A(3).
Replies (4)
Yes... I think it's allowed...
it's disallowed
cash payment in respect of expenses ( p and l item ) (revenue exp) any payment made towards the capital expense the provison of 40A (3) does not apply
so allowed
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