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Sec 40a(3) cash payment above 20000

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(Querist)
29 July 2014 cash Payment made to creditors above 20000 is allowable or not?
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Vishnu Saboo

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Vishnu Saboo (Expert)
29 July 2014 as per Section 40A(3)(a)any expenditure incurred in respect of which payment is made exceeding Rs.20,000/- otherwise than by an account payee cheque or by dd, shall not be allowed as a deduction.

though if payment is being made for plying, hiring or leasing goods carriages then Limit for these section is Rs 35000/-,instead Of 20000/-
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