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Section 40A(3) and petty cash
Can a society running an educational institute i.e., a college, give an amount of more than rs 10000 in cash in a single day to its accountant for petty cash expenses of varied nature.
Replies (4)
Yes, you can give no problem
Section 40A(3) attract nahi hoga kya isse?
no problem, section 40A(3) not applicable
yes it can
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