Cash expenditure exceeding ₹ 20,000/- - the paramount ...

Section 40A(3) Limits Cash Spending Over Rs. 20,000; Allows Exceptions for Business Needs to Curb Black Money.

August 19, 2016

Case Laws Income Tax AT

Cash expenditure exceeding ₹ 20,000/- - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and section does not eliminate considerations of business expediencies - AT

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Cash expenditure exceeding ₹ 20,000/- - the paramount ...

Section 40A(3) Limits Cash Spending Over Rs. 20,000; Allows Exceptions for Business Needs to Curb Black Money.

August 19, 2016

Case Laws Income Tax AT

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