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
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.
