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Cash payment more then rs. 20000 for other then exp.

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(Querist)
01 July 2013 if cash payment made more then rs.20000.00 for other then revenue expenditure,what will be the provision as per income tax act.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
01 July 2013 no provision for capital expenditure
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Ganeshbabu K

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Ganeshbabu K (Expert)
01 July 2013 if cash paid more than 20000 is for purchase of fixed assets it is allowable expence
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Anil Sankar V

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Anil Sankar V (Expert)
01 July 2013 may be shown with proper bill..

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