Cash limit

This query is : Resolved

chandru (Querist)
Follow

24 February 2015 can any one tell me what is the maximum limit we can give to customer for a payment

CS,CA F,Numrologi TusharSampat (Expert)
Follow

24 February 2015 there is no bar anywhere mentioned but as per income tax act the cash payments must not be more then 20,000 to avoid disallowance,

Message likes : 1 times

chandru (Querist)
Follow

24 February 2015 Sir we having company owned car(2) whether it can show as any investment or where it can show.

CS,CA F,Numrologi TusharSampat (Expert)
Follow

24 February 2015 it is fixed assets and must be shown under head fixed assets.

chandru (Querist)
Follow

24 February 2015 Sir we having company owned car(2) whether it can show as any investment or where it can show.

Rupesh Jain (Expert)
Follow

24 February 2015 car is fixed assets and its come under B/s
aseets side.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess