Bill Amount Rs.20,408/- Payment to contractor in CASH Rs. 20,000/- TDS Amt Rs. 408/- Will the Payment made to the contractor disallowed u/s 40A(3) ?
1 Replies
Anubhav
(Chartered Accountant)
(429 Points)
Replied 31 July 2014
Any amount paind in cash exceeding 20000 will be disallowed. In this case, it will be allowed.
A J H & CO
9868729930
anubhavjain @ ajhco.in
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