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Cash paid above 20000 (Income Tax)

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This query is : Resolved

( Author )
30 October 2013

can a company paid workman compensation of Rs 500000/- in cash????

Please reply as soon as possible

Email id :nchaubey1991@gmail.com

CMA Ramesh Krishnan

( Expert )
02 November 2013

No. Cash payment more then Rs.20000 will attract u/s.40A(3)

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