banner_ad

Cash payments

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 February 2013 If i made payments to 2nd party more than 20000 by depositing cash in his bank Account.....Then is it allowed as For deduction

Profile Image

CA.Sourabh Sethia

Profile Image

CA.Sourabh Sethia (Expert)
16 February 2013 it will be disallowed considering various case laws.
Profile Image

CA.ViVeK M ACA

Profile Image

CA.ViVeK M ACA (Expert)
16 February 2013 This will be disallowed since the income tax act specifically mentioned about "Crossed cheque or draft. Instead of depositing cash, Draft has to be drawn.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details