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Payment more than 20000

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(Querist)
17 June 2009 payment to a party in a day more than aggregate 20000 on different time & by different receipt ex. 15000(10 Am) & 12000(5 pm), is allowed or not? State reason
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
17 June 2009 disallowed
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
17 June 2009 It will be disallowed w.e.f. 01.04.2009 in view of changes made by Finance Act'08
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
17 June 2009 Disallowed.

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