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Payment in cash in excess of Rs 20000/-

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(Querist)
23 May 2009 Sir,

if cash payment is made to employee against TA Bill in excess of Rs 20000/- will it be disallowed under income tax act.

Regards
Ashok Sharma
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Ratan Sharma

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Ratan Sharma (Expert)
23 May 2009 Hi
Yes definately. It will be disallowed u/s. 40A.
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
23 May 2009 ya it is disallowed




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