Stamp Value of 6 Lac
shreyansh (a) (97 Points)
19 September 2018I have a query a proprietary firm purchased stamps worth 6 lac in cash whether same is allowed under IT Act since it is in excess of 10000 under 40A(3)
Sudiesh
(Audit Assistant)
(527 Points)
Replied 19 September 2018
I think it can be allowed because of it can consider as payments to Govt.
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