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Cash payment in excess of rs. 20,000

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(Querist)
08 August 2011 Can any one tell me regarding payment in excess of Rs. 20,000 in cash to the creditor or for the purpose of payment of salary.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 August 2011 The expenditure is disallowed under Section 40A(3). However if the payment is covered by Rule 6DD it may not be disallowed.
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Arun Trivedi

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Arun Trivedi (Querist)
08 August 2011 Sir plz explain me some detail regarding rule 6DD, i m so thankfull to you.
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
08 August 2011 Direct day payment more than 20,000 thousand is 100% disallowed. But we can break these payment in no. of days (for Exp. only)

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