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cash payment to sundry creditors

Others 3005 views 1 replies

can one make cash payments of more than 20000/- at a time to sundry creditors against due bills

can one make cash payments of more than four laks during the year  to sundry creditors against due bills

or, is such payment also disallowed u/s 23.

  

Replies (1)

Dont have any information about the second 1 but payment to creditor over and above 20000 is disallowable under income tax act..........


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