capital assets

dasd (Querist) 22 December 2009 This query is : Resolved
whether brokerage on sale of capital asset can be paid through cash?whether it can exceed 20000/- ?

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A V Vishal (Expert) 22 December 2009
Refer S 40A(3) of the Income Tax Act,1961.

Raj Kumar Makkad (Expert) 22 December 2009
Yes it can be paid exceeding even Rs. 20,000/-

murtaza (Expert) 28 December 2009
agree

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