Can any one clarify that if a company/firm pays more than Rs. 20000 in cash to one party on different days than in context to rule 6DD of IT Act can it be allowed as deduction or not ??
1 Replies
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 14 October 2008
Slingle payment at a point of time should not exceed Rs.20000. If the amount exceeds Rs.20000/- it can be made on different days.
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