Re: [aaykarbhavan] Sec 40A(3)(a) ,-- cash draft disallowed?

I think making of draft out of cash is not illigible for disallowance, the expense is disallowable only if it is made without crossing the same draft instrument as account payee only   --- On Sun, 26/8/12, Rajkumar Makwana <r.r.makwana@gmail.com> wrote: From: Rajkumar Makwana <r.r.makwana@gmail.com> Subject: Re: [aaykarbhavan] Sec 40A(3)(a) ,-- cash draft disallowed? To: aaykarbhavan@yahoogroups.com Date: Sunday, 26 August, 2012, 10:44 AM   Section is very clear. Payment exceeding Rs 20000/- be in account payee cheque OR Draft. On Wed, Aug 22, 2012 at 5:59 PM, mitra <sjmrng29@yahoo.co.in> wrote: my client paid to his supplier by CASH DRAFT. ACCORDING TO SEC 40A(3)(a) , payment in excess of Rs. 20000/- should be maid by A/c payee cheque or DRAFT . Can IT dept disallow such expenditure just because payment made by CASH draft , whether cash draft will be considered same as cash payment? ------------------------------------ receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan" [COST FREE] SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE. To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.comYahoo! Groups Links <*> To visit your group on the web, go to:     http://groups.yahoo.com/group/aaykarbhavan/ <*> Your email settings:     Individual Email | Traditional <*> To change settings online go to:     http://groups.yahoo.com/group/aaykarbhavan/join     (Yahoo! ID required) <*> To change settings via email:     aaykarbhavan-digest@yahoogroups.com     aaykarbhavan-fullfeatured@yahoogroups.com <*> To unsubscribe from this group, send an email to:     aaykarbhavan-unsubscribe@yahoogroups.com <*> Your use of Yahoo! Groups is subject to:     http://docs.yahoo.com/info/terms/ -- ..... Blog you can visit http://feeds.feedburner.com/blogspot/bAgGy  [Income tax related]  [SMS]:- http://rrmakwana.blogspot.com/ [good messages]:- http://raj-e-collection.blogspot.com/  [Finance groups] http://finance.groups.yahoo.com/grou/ It_law_reported : http://finance.groups.yahoo.com/group/aaykarbhavan/ http://labs.google.co.in/smschannels/channel/rajkumarsms [SMS in your mobile]  -- Virus Warning: Although the I have taken reasonable precautions to ensure no viruses are present in his email, sender (I) cannot accept responsibility for any loss or damage arising from the use of this email or attachment." Dear Friend Please and immedietly remove my email id from your contact list. As I do not want to receive any invitation from the various friend sites you subscribe. Thanks and regards.

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