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Depreciation on excess cash payment of rs 10000 or more |
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Answer» Answer: Wages of people such as drivers or office boys are OFTEN Rs 10,000 or Rs 15,000, which used to be paid in cash. We will prefer it to go through non-cash CHANNELS. The person claiming it as expenses should MAKE the payment by cheque or through digital means to CLAIM TAX deduction. |
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