Payment more than 20000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2015 one of the my client paid 38700 for diesel expenses in one particular day...whether this will be allowed as deduction or not??

Sandeep Dharar

Sandeep Dharar (Expert)
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27 July 2015 If its paid for cash then its fully disallowed exp.

Rajesh

Rajesh (Expert)
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27 July 2015 If Diesel bills are proper, expenses won't be disallowed. If not will be disallowed

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Sandeep Dharar

Sandeep Dharar (Expert)
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27 July 2015 Dear Rajesh, one time cash payment above 20K is disallowed, irrespective of evidences.

But if its capital expenditure then its fully allowed.

Sandeep Dharar

Sandeep Dharar (Expert)
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27 July 2015 Dear Rajesh, one time cash payment above 20K is disallowed, irrespective of evidences.

But if its capital expenditure then its fully allowed.