Addition u/s 40A(3) - cash payments in excess of the limit ...

Income Tax

May 8, 2019

Addition u/s 40A(3) - cash payments in excess of the limit prescribed - each payment, on each day to each person was less than ₹ 20,000/- in cash - There were both purchases and sales from each of the parties and it was only the difference that was settled in cash on various dates - no violation of Section 40A(3)

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Addition u/s 40A(3) - cash payments in excess of the limit ...

Income Tax

May 8, 2019

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