cash purchase
This query is : Resolved
14 June 2017
I have made a purchase of rupees 120000 from my creditor in a single bill and I have paid him in cash with an amount of rupees 20000 each at 6 different dates . Will the payment be allowed?
14 June 2017
splitting of payments is not legal as far as the disallowance for cash payment is concerned. further the limit for cash payment now stands at Rs 10000/-
14 June 2017
sir if i dont have the capacity to pay at one go,then also i cant split?
14 June 2017
then pay through cheque or online transfer...
14 June 2017
ok sir,thanks for the valuable suggestion.
14 June 2017
you are most welcome....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Company Incorporation - CA and directors signing from different states
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
