HAI FRIENDS,
accounding to provisions of 40 income tax act, 1961 cash payments does not exceeds Rs.20000/-, i have a doubt regarding this
Whether cash payment includes Avances or not
if we pay advance more than Rs.20000/- in cash, subsequently expenditure accounted then that expenditure will be allowed or disallowed
please giv e me details
thankyou
CAclubindia
