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payment exceeding Rs 20,000

This query is : Resolved 
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(Querist)
09 August 2008 In case of frieght payments to carriers such as lorry who don't have any bank accounts in the place of unloading, payment could be made only by cash which may exceed Rs 20000 on a single day to the same party.

is there any mode so as to strictly comply with Section 40A of the Income tax Act 1961
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Pooja Chopda

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Pooja Chopda (Expert)
09 August 2008 part payt at the time of loading & part at the time of unloading...but in different days
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CA Abhishek Tyagi

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CA Abhishek Tyagi (Expert)
09 August 2008 Yes you can pay in fraction. Not a single payment at the same day.
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