cash payment abopve 20000
This query is : Resolved
CA Rohit Maurya
(Querist)
17 August 2010
Sir if i have paid more than 20000 in cash towards labour charges to diffrent labour than will it be disallowed?
17 August 2010
no, it will not be disallowed.
IF SINGLE PAYMENT TO SINGLE PERSON SHOULD MORE THAN 20000/- THEN IT IS DISALLOWED.
IF SINGLE PAYMENT TO SINGLE PERSON SHOULD MORE THAN 20000/- THEN IT IS DISALLOWED.
Sunil Kr. Sanganeria
(Expert)
17 August 2010
If payment to each labour in cash is more than 20000/-. Section 40A(3) is applicable.
17 August 2010
No disallowance, as the payment has not been made to single person.
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