Sec 40
This query is : Resolved
14 April 2011
If i am making a monthly salary payment of approx 10000 rs in cash, will such expense be disallowed in entire or in part.
14 April 2011
Will not be disallowed as the payment is below Rs 20000/-. For details please refer Sec 40A(3) of the Income Tax Act, 1961
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