query under section 35AD of income tax
sheik javid (student) (281 Points)
22 April 2018sheik javid (student) (281 Points)
22 April 2018
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 22 April 2018
where is the confusion. Its simple that any payment in excess of Rs 10000 not paid through cheque/account payee DD or banking transfer is not eligible for deduction. So if you pay someone in cash, lets say Rs 11000, it wont be eligible for deduction
Sana Sultana Mussu
(Student)
(5119 Points)
Replied 22 April 2018