Cash payment limit in case of insurance payment

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What is the treatment of Cash Payment of Rs. 80,000 for bus insurance ?

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On 04 September 2018 at 10:45 Report
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intern
2216 Points Posted on 04 September 2018

Bus Insurance     Dr

    To cash

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On 04 September 2018 at 13:02
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FINANCE PROFESSIONAL
10 Points Posted on 17 June 2021
Allowable in income tax ?
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On 17 June 2021 at 11:17

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