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Cash Payment

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(Querist)
02 December 2008 If a Cash payment is made of Rs. 20000 & Another payment is made of Rs. 10000 in the same day . What will be the tax liablity
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Taxguy

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Taxguy (Expert)
02 December 2008 If it is to different parties no problem.

If to same person and it is service then deduct tax at appropriate rate. If for purchase of goods take a letter from that person saying it is very urgent and with a tenable reason.

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