Payment in cash in excess of Rs 20000/-
This query is : Resolved
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
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
Ratan Sharma
(Expert)
23 May 2009
Hi
Yes definately. It will be disallowed u/s. 40A.
Yes definately. It will be disallowed u/s. 40A.
23 May 2009
ya it is disallowed
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