Cash payment more then rs. 20000 for other then exp.
This query is : Resolved
01 July 2013
if cash payment made more then rs.20000.00 for other then revenue expenditure,what will be the provision as per income tax act.
01 July 2013
no provision for capital expenditure
01 July 2013
if cash paid more than 20000 is for purchase of fixed assets it is allowable expence
01 July 2013
may be shown with proper bill..
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