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For what all cash payments can be made morethan rs.20000/-

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(Querist)
23 August 2013 For what all cash payments can be made and received for more than Rs.20000/- for Income tax purposes
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
23 August 2013 you can receive all the payment other than loan is cash (as there is no restriction on IT ACT) but cash payment should not be made in excess of 20000 as it is disallowed

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