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

Section 40A(3) Exemption: Cash Payments by Commission Agent to Truck Owners Not Subject to Disallowance.

March 10, 2012

Case Laws Income Tax AT

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 ...

Section 40A(3) Exemption: Cash Payments by Commission Agent to Truck Owners Not Subject to Disallowance.

March 10, 2012

Case Laws Income Tax AT

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