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Cash payment exceeding 20000

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(Querist)
12 January 2013 If any payment is made towards advance against salary Exceeding 20000 (Say Rs. 35000) will it be allowale or not?????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 January 2013 yes. even salary payment exceeding to one person more than Rs.20000/- will apply sec.40A(3)

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