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Sec. 40a (3) payment

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Querist : Anonymous

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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.
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Harsha goyal

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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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