Partner's drawing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2013
We are paying Rs.22500/- in cash to one of our partner.Whether this cash transaction is acceptable as per income tax rules.
Please reply back at the earliest.
Please reply back at the earliest.
26 July 2013
as per sec 40A provisions if payment in cash is made on single day then it is disallowed.
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