Cash Payment more than Rs.20,000/-

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....ash Payment more than Rs.20,000/-<br> Query (Issue) Started By: - DHARMENDRA KASLE Dated:- 2-4-2012 Last Reply Date:- 2-4-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>We ( PVt.Ltd.Co.) made cash pa....

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....yment for Office picnic Rs.20,000/- paid to Resort in FY 2011-12. Will it disallow under I.Tax Rule of the Rule 40(A) Reply By GOPALJI AGRAWAL: The Reply: No, if the payment exceeds 20000/- then th....

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....e provisions of section 40A(3) would be attracted.<br> Discussion Forum - Knowledge Sharing ....