CASH PAYMENT EXCEEDS 20000/-
This query is : Resolved
Querist : Anonymous
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.
CA Sanat Pyne
(Expert)
27 July 2010
NO , SINGLE BILL AMOUNT AND SINGLE PAYMENT BOTH SHOULD EXCEED 20000/-
27 July 2010
AGREED
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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