Cash payment exceeding rs.20,000
This query is : Resolved
Guest
Guest
(Querist)
22 March 2013
Hi, if cash paid (exceeding 20000) to banker for a DD, (and i am not issuing a cheque for getting DD), then the entire amt is liable fr tax (i.e. its disallowed)..?
CA Ayush Agarwal
(Expert)
22 March 2013
"any payment made through cash"..
here disallowed.
though you have issued DD in cash is as good as CAsh.
here disallowed.
though you have issued DD in cash is as good as CAsh.
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