Cash payments
This query is : Resolved
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
16 February 2013
it will be disallowed considering various case laws.
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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