Where an assessee doing business expenditure in respect of which payments made to a person in a day exceeds ₹ 10,000 should be paid through account payee cheque or demand draft to claim a deduction for such expenditure. This restriction does not apply to

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Question:Where an assessee doing business expenditure in respect of which payments made to a person in a day exceeds ₹ 10,000 should be paid through account payee cheque or demand draft to claim a deduction for such expenditure. This restriction does not apply to

1.Payments made to RBI

2.Payments made to cultivators

3.Payment of terminal benefits to employees not exceeding ₹ 50,000

4.All of the above

Posted by R4R Team
  1. Where an assessee doing business expenditure in respect of which payments made to a person in a day exceeds ₹ 10,000 should be paid through account payee cheque or demand draft to claim a deduction for such expenditure. This restriction does not apply to
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