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in cash transaction, above Rs.20,000/- is invalid for
auditing but what if above Rs.20.000/- transaction is made
& how much tax will be paid if transaction is above
Rs.20,000/-
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Answer Posted / arisvijay
Tax exemption is valid to the extent of Rs20,000 only if its
is more than 20,000 tax has to be paid for whole amount.
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