Disallowance under Section 40A(3) - limit of payments in cash in ...

Supreme Court Rules Section 40A(3) Amendment on Cash Payment Limit Applies Prospectively, Not Retrospectively.

April 1, 2015

Case Laws Income Tax SC

Disallowance under Section 40A(3) - limit of payments in cash in excess of ₹ 10,000/- increased to ₹ 20,000 by an amendment - Once we find that the amendment is substantive in nature, it cannot be applied retrospectively. - SC

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Disallowance under Section 40A(3) - limit of payments in cash in ...

Supreme Court Rules Section 40A(3) Amendment on Cash Payment Limit Applies Prospectively, Not Retrospectively.

April 1, 2015

Case Laws Income Tax SC

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