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cash payment exceeding Rs. 20000

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(Querist)
16 March 2010 dear expert,
during the audit i found that the company has made a single payment of Rs. 117500 in regard for salary for 10 employee,, so i want to know that whether is it dissallowed or not

thanks,
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
16 March 2010 allowed
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 March 2010 i think Allowed
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 March 2010 It is need to check the single person payment whehter it is exceed Rs.20000/ if exceeds then it is disallowed

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