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can a person make cash payment Rs. 20000

This query is : Resolved 
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(Querist)
06 March 2009 can a person make cash payment more than Rs. 20000 to a person in day if there is 2 bill

ex. 1 bill for 12000 date 21.1.2009

2. bill for 9000 date 22.1.2009

give answer with reffrence to low
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
06 March 2009 According to Sec. 40A(3) for disallowance the cash Payment should be more than 20000/- per Bill in your casse since each bill payment is less than prescribed limit so you can made payment in cash
it is immaterial that payee is the same person & payment made in one single day
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
06 March 2009 Yes, Sayyed is correct.
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