whether cash payment exceeding 20,000 disallowance apply to payment made to state electricity board?????sme ppl saying that since it is only a govt board disallownace will attract.......bt other argument is that there is a court decision regarding this issue and hence no disallowance..........................
wats ur opinion???????????????
dear read rule 6DD of income tax act
allowable expenses.
regards,
ratan
hey...ratan bt me getting the opposite opinion.......the reason they are saying that , electricity board
is only a govt board and not the govt itself and hence disallowance will apply......
hey manoj rule 6DD does not give clarification 4 dis.....
CAclubindia
