Cash Payment above Rs 20000/- Below 35000/

By | February 11, 2015
What are circumstances/cases on which CASH PAYMENT can be made more than Rs 20000/- but below Rs 35000/- and is permitted under sec 40A(3) of the Income Tax Act. How it will be paid so that No disallowance will be made.

If payment is being made for plying, hiring or leasing goods carriages then Limit for these section is Rs 35000/-,instead Of 20000/-

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