INCOME TAX
This query is : Resolved
Guest
Guest
(Querist)
27 March 2009
I wnat to pay a client in cash basis . So what a the maxium amout to pay in the cash (except to pay in cash more than 20000/- at a time )
27 March 2009
for what u are paying
as per section 40A(3) any expenses exceeding rs 20000 at a time other-wise than by an account payee cheque drawn on a bank or account payee bank draft, no deduction shall be allowed in
respect of such expenditure;
as per section 40A(3) any expenses exceeding rs 20000 at a time other-wise than by an account payee cheque drawn on a bank or account payee bank draft, no deduction shall be allowed in
respect of such expenditure;
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