Amount more than 20000 in cash

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Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2012 whether amount is deducted under income tax act if it is paid more than 20000 to single person with different invoice in same day?

CA CS Amit S. Kedia (Expert)
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13 July 2012 Yes, expense is available for deduction even if payment is made in excess of Rs. 20000 but the invoice is for less than Rs. 20000

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