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Payments

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(Querist)
19 November 2016 Can do cash payment and cheque payment to a single person in a same day aggregating to Rs.40,000 (i.e., Rs.15,000- cash and Rs.25,000- cheque)? Is this will be disallowed under any section?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 November 2016 No dis allowance as cash payment not exceeded Rs. 20,000.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
20 November 2016 Yes you can pay, but as per sec 40 A(3) rule 6DD you can't make cash payment exceeding Rs.20000
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