| Discussions Forum | ||
Home  Forum Income Tax This
|
||
| A Public Forum. Anyone can participate to share knowledge. |
||
|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||
Submit new Issue / Query |
||
Cash Payment more than Rs.20,000/-, Income Tax |
||
|
||
Cash Payment more than Rs.20,000/- |
||
We ( PVt.Ltd.Co.) made cash payment 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) Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
No, if the payment exceeds 20000/- then the provisions of section 40A(3) would be attracted. Page: 1 Old Query - New Comments are closed. |
||
