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Cash payments

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(Querist)
16 February 2013 If i made payments to 2nd party more than 20000 by depositing cash in his bank Account.....Then is it allowed as For deduction

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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
16 February 2013 it will be disallowed considering various case laws.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
16 February 2013 This will be disallowed since the income tax act specifically mentioned about "Crossed cheque or draft. Instead of depositing cash, Draft has to be drawn.
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