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Question ID : 20049

Clause 31(a) of 3CD (amended)

As per clause 31(a) of Form 3CD amended on July 2017 there is no column for reporting loan or deposit taken by way of cash. Select menu in column 7 of table in clause 31(a) in efiling form has only option of allowing only Loan or deposit taken by way of cheque ECS to be reported . what is the purpose of reporting cheque ECS payments which is valid in law. Pl clarify.

Posted by ANAND B on Aug 23, 2017

Filed Under AUDIT