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Sayed Maqsood Ahmed   21 September 2023

cooperative housing society

learned advocates

I would like to know how is the limit of cash payment transaction allowed n a cooperative housing society registered under Maharashtra Cooperative housing society act 1960.

thanks before hand for your valuable legal views.

Best wishes and regards


 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     21 September 2023

Section 40A(3A) Disallowance for Expenditure allowed on Accrual Basis in Previous Year Rule 6DD- Exceptions to Section 40A(3) and 40A(3A)

In the Following cases, even if payment is made in other than prescribed modes, no disallowance will be attracted.

1) Any Payment made to: RBI or any Bank State Bank of India or any of its subsidiary Any Co-operative Bank or Land Mortgage Bank Any Primary Agricultural Society Life Insurance Corporation.

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