Cash payment of more than 20000
This query is : Resolved
04 September 2012
Hi frnds, if any person paid cash above 20000 to more than 1 person jointly then the deduction for this amt is allowable or not ?
Guest
Guest
(Expert)
05 September 2012
In case the payment is made to more than 1 person then payment to each person should be less than Rs. 20000/- to be an allowable expenditure. for eg. payment of wages or salary where total amount is more than 20000/- but payment to each person is less than 20000/-
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