21 July 2012
Sir i would like to know that my client has paid around 8 lakhs Rs. in cash for purchase some land....is it permissible ?? and my client has paid no of Tour advances exceeding Rs. 20000....Indirectly i.e, through Tour advances co. is paying amount exceeding Rs. 20000 to different parties....whether expenditure incurred will be allowable for deduction under incom tax or not ???????
CAclubindia
