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CASH PAYMENT EXCEEDS 20000/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2010 I HAVE MADE PAYMENT TO A PARTY OF RS. 30000 IN CASH FOR HIS TWO BILLS OF RS 18000 AND 12000 . SHOULT IT BE DISALLOWED.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
27 July 2010 NO , SINGLE BILL AMOUNT AND SINGLE PAYMENT BOTH SHOULD EXCEED 20000/-
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 July 2010 AGREED
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
27 July 2010 no it is not disallowed because 40a (3) is applicable if payment against one bll exceeds 20,000
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