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Expenditure will be allowed or not

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(Querist)
14 February 2012 if we paid salary any employee greater than Rs.20000 in cash, than expenditure will be allowed or not as per income tax act.
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
14 February 2012 No any expenditure incurred and paid in cash exceeding Rs. 20000 is liable to be disallowed u/s 40A(3... So payment made in cash should be restricted to twenty thousand rupees only....

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