INCOME TAX

This query is : Resolved

Guest

Guest (Querist)

27 March 2009 I wnat to pay a client in cash basis . So what a the maxium amout to pay in the cash (except to pay in cash more than 20000/- at a time )

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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27 March 2009 for what u are paying
as per section 40A(3) any expenses exceeding rs 20000 at a time other-wise than by an account payee cheque drawn on a bank or account payee bank draft, no deduction shall be allowed in
respect of such expenditure;