Section 40A(3A) of the Income Tax Act: Implications of Cash Transactions in Business

Post by: Renu Suresh in Income Tax
Section 40A(3A) of the Income Tax Act: Implications of Cash Transactions in Business Under Section 40A(3) of the Income Tax Act, cash payments exceeding a specified limit are not allowed as deductible expenses. This provision encourages digital transactions and helps…
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