If a single invoice is of 50000. Can cash payment be made in two different dates to claim deduction of exps . Or it will be disallowed if cash payment made .
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Cash payment in excess of 20000
Replies (3)
cash payment limit is revised to 10k per day per person.
It wil be disallowed u/s. 40A(3)
in my opinion limit of 10000 is per day per person.....and not per invoice....hence in my opinion u may break the payments in different dates and claim exps
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