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Cash payment exceeding rs.20,000

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Guest

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Guest (Querist)
22 March 2013 Hi, if cash paid (exceeding 20000) to banker for a DD, (and i am not issuing a cheque for getting DD), then the entire amt is liable fr tax (i.e. its disallowed)..?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
22 March 2013 "any payment made through cash"..
here disallowed.
though you have issued DD in cash is as good as CAsh.

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