Poonawalla fincorps
Poonawalla fincorps

Cash deposit in vendor account cash/credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2018 Dear Experts,
I had purchased of 40300/- hence I have the 50300 cash in vendor account. For my whether it will be disallowed considering it in cash payment.

Thanks
Rajesh
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 June 2018 how did 40300 became 50300?
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2018 Sorry?
50300 was mistakenly typed however the cash deposit in vendor is 40300. Pls guide accordingly
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 June 2018 any cash payment above 10000 is disallowed
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2018 But in this case I have deposit in vendor account not given cash in vendor hand
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 June 2018 and how is it different from giving it in his hand. The focus is on you paying in cash and not on how the vendor received it.

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