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Payment in cash above Rs.20000/-

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(Querist)
07 July 2008 Good Morning Sir,

How will i check the payment in cash above Rs.20000/-. What are the circcumstances the above cash payment will be disallowed in income tax.
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Pranav

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Pranav (Expert)
07 July 2008 All payments made in cash exceeding 20000/- is liable to 100% disallowed U.s 40A(3)

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