Cash payment in excess of rs.20000


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2014 Hi,

payment made to iran embassy of Rs.80000 in cash in his account . Are this Expenditure allowable under Income Tax & Is iran embassy in india covered under Rule 6dd.


AVTAR SINGH (Expert)
29 January 2014 It will be disallowed u/s 40A(3) as it is not covered u/s 6dd.


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