Cash payment more than 20000
This query is : Open
11 June 2016
Is there any exception for full &final benefit of employees by way of cash more than 20000?
CA SUNIL K GARG
(Expert)
11 June 2016
There is no option to make payment by way of cash more than Rs. 20000/- as specified u/s 40A(3)(a) of the Income Tax Act, 1961.
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