Cash transactions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2012
what if a payment is made to person of amount Rs. 50000 in cash in single financial year...???
10 March 2012
If the assessee has made cash payments on DIFFERENT DAYS and the cash payment does not exceed Rs. 20,000 on ALL the days, then the expenditure will be allowed.
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