income exceed Rs. 20000/-

This query is : Resolved 

10 March 2008 hi,

I had made a payment exceed 20000 in cash. I know payment exceed 20000 in cash is totally disallowed but what effect it will arise when i make a payment exceed 20000 tell me briefly.

Thanks

10 March 2008 NO EFFECT WILL ARISE ONLY THE EXPENDITURE INCURRED WILL BE DISALLOWED AND NOTHING ELSE

10 March 2008 hi,
in the same condition of unsecured loan what effect it will arise.

10 March 2008 Section 269SS will come into play

10 March 2008 SECTION 269SS SHALL APPLY


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