Sec. 40a (3) payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2014
if payment is done more than rs. 20000/- in a day against repair & maintenance bill against more than one bill, then is this allowable iunder income tax act.
Harsha goyal
(Expert)
20 April 2014
If the payment is made to a single person in cash exceeding Rs. 20000 in a day then it is disallowed.
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