Section 40A(3) Income Tax Act: Cash Payment Limit of Rs. 20,000 Not Applicable to Capital Expenditures.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Payment of expenditure in cash in excess of ₹ 20,000/- - Provisions of section 40A(3) are not applicable to capital expenditure. - AT....
TaxTMI