Saif dalalsaif dalal asked 7 months ago
1 Answers
RaviRavi Staff answered 7 months ago

first of all Sec 40A(3) limit is changed to 10,000 see amendments 
if cash expense is exceeding 10,000 per party per day it will be reported in clause 21
and if payment exceed 2,00,000 then it will be also reported in clause 31(bc)
so yes you can say that contravention may need disclosure in both clauses

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