Cash payment more than 20,000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2012 When firm paying 290000 cash to third party 0n 2/04/2012 due to there will be next two days holiday in most of the bank,is this expenditure is allowed for deduction?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 April 2012 If the payment made day is bank holiday then it will be considered. please refer rule 6DD

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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12 April 2012 (j) where the payment was required to be made on a day on which the banks were closed either on account of holiday or strike;

AGREE WITH ABOVE EXPERT...

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CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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12 April 2012 (j) where the payment was required to be made on a day on which the banks were closed either on account of holiday or strike;

AGREE WITH ABOVE EXPERT...