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cash payment abopve 20000

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(Querist)
17 August 2010 Sir if i have paid more than 20000 in cash towards labour charges to diffrent labour than will it be disallowed?
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
17 August 2010 no, it will not be disallowed.
IF SINGLE PAYMENT TO SINGLE PERSON SHOULD MORE THAN 20000/- THEN IT IS DISALLOWED.
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
17 August 2010 If payment to each labour in cash is more than 20000/-. Section 40A(3) is applicable.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 August 2010 No disallowance, as the payment has not been made to single person.

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