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income exceed Rs. 20000/-

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(Querist)
10 March 2008 hi,

I had made a payment exceed 20000 in cash. I know payment exceed 20000 in cash is totally disallowed but what effect it will arise when i make a payment exceed 20000 tell me briefly.

Thanks
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
10 March 2008 NO EFFECT WILL ARISE ONLY THE EXPENDITURE INCURRED WILL BE DISALLOWED AND NOTHING ELSE
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Ramesh

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Ramesh (Querist)
10 March 2008 hi,
in the same condition of unsecured loan what effect it will arise.
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
10 March 2008 Section 269SS will come into play
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
10 March 2008 SECTION 269SS SHALL APPLY

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