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Cash Purchase of Bricks Exempt from Disallowance u/s 40A(3) Due to Payments Below Rs. 20,000 Threshold.

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....Disallowance u/s 40A(3) – purchase of bricks for Rs. 2,52,000/- though made in cash but each voucher was for below Rs. 20,000/- section 40A(3) will not apply - AT....

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