02 January 2009
if the amount given is more than 20000 for different bills, whether it will attract the above section .For example- If a employee brings the following bills- Telephone expenses-5000 Business promotion expenses-10000 Medical expense-10000 the whole amount paid by the company ie 25000 .Whether it will attract the above section Please reply as soon as possible.
02 January 2009
from A.Y. 2009-10 if the aggregate payments to same person exceeds Rs. 20,000 in a single day in cash then the entire amount of such payments will be disallowed. If you will pass the single entry or different entry in the same date, the entire amount will be disallowed.
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