Applicability of 40A(3)(cash payment exceeding of 20,000) - It ...

Income Tax

March 10, 2012

Applicability of 40A(3)(cash payment exceeding of 20,000) - It acts as a commission agent facilitating payment to the truck owners, who are its members. Therefore, the payments were not business expenses of the assessee, therefore no disallowances. - AT

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Applicability of 40A(3)(cash payment exceeding of 20,000) - It ...

Income Tax

March 10, 2012

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