Cash payment more than rs.20,000

yes it is allowed

cash payment in excess of Rs 20000 is not allowed, however as per my knowledge payment through Demand draft is allowed.... 

YES..

READ EXCEPTION OF SEC 40 A(3)

Rule 6 DD

YES..

READ EXCEPTION OF SEC 40 A(3)

Rule 6 DD

YOUR R8

YOUR R RIGHT BUT CASH PAYMENT TO A TRANSPORTS IS ALLOWED 35000

Section 40 A(3); Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draft exceeds Rs 20,000/- no deduction shall be allowed in respect of such expenditure.  Hence demand draft is excluded from the purview of 40 A(3).

Section 40 A(3); Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draft exceeds Rs 20,000/- no deduction shall be allowed in respect of such expenditure.  Hence demand draft is excluded from the purview of 40 A(3).

Yes a DD or a Account payee cheque can be issued for amount exceeding Rs20000.

Originally posted by : Lalit Nyati
	cash payment more than of Rs.20,000 not allowed to one person one day for expenses,  but it is allowed for make Demand Draft...

yes its allowed

u r ryt

yes demand draft is allowed

thanks to all..