Payment more than 20000
This query is : Resolved
17 June 2009
payment to a party in a day more than aggregate 20000 on different time & by different receipt ex. 15000(10 Am) & 12000(5 pm), is allowed or not? State reason
17 June 2009
disallowed
17 June 2009
It will be disallowed w.e.f. 01.04.2009 in view of changes made by Finance Act'08
17 June 2009
Disallowed.
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