Disallowance of cash payment to partners more than 20k

Meyyappan (Manager Accounts) (93 Points)

13 August 2015  

Hi,

I have a query regarding cash payment made to partners more than 20,000 in a single day, whether it will be disallowed as per section 40a3 of IT. Kindly clarify.

Regards,

Meyyappan.S