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Payment exceeding 20000/-

This query is : Resolved 
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(Querist)
24 April 2013 A cash payment of Rs. 80000/- in trading business is allowable in situation that given cheque dishonored. this mistake made by seller.( he deposit advance amount cheque before transaction )
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
24 April 2013 not allowed, even for any mistake.
as your case may be genuine but if allowed other will also use it.

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