Deposit of cash exceeding limit prescribed u/s 40A(3) in supplier’s bank account attract disallowances

INCOME TAX : Where assessee made cash payments exceeding prescribed limit in supplier’s bank account which were not routed through any clearing house or electronic transfer, such payments were to be disallowedINCOME TAX : Where assessee made cash payments exceeding prescribed limit in supplier’s bank account which were not routed through any clearing house or electronic transfer, such payments were to be disallowedwww.taxmann.com Latest Case LawsRead More

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