18 October 2012
According to Rule 6D – Payment of More Than Rs 20,000/- in Cash in a day to Single person
Rule 6D Of The Income Tax Rules Rule Deals With, Cases and circumstances in which a payment or aggregate of payments exceeding twenty thousand rupees may be made by a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft.
19 October 2012
No you can't give advance more than 20,000/- for a single purpose. you can give advance more than 20,000/- but all expense which are adjusted with that must be less than 20,000/-
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