Monitor the cash payments

maruthi (ACCOUNTANT) (83 Points)

28 September 2011  

DEAR SIR,  AS PER THE INCOME TAX ACT WE SHOULD NOT MAKE CASH PAYMENT ABOVE 20000/- DUE TO NON MONITOR OF FUND TRS AND TO AVOID TAX EVATION.  WHY THE INCOME DEPARTMENT SHOULD INVENT A METHOD BY USING LIKE ATM CARD WITH THE HELP OF NSDL.  IS ANY ONE HAVING PLAN PL SUGGEST THE INCOME TAX DEPT IN THIS REGARD.