Disallowances for cash payment
This query is : Resolved
05 October 2017
Purchased fixed Asset (Building) by paying cash more than 20000 in a single day.Whether there is any disallowance?
06 October 2017
I think the limit for the same is Rs 10000/- In any case any amount paid in cash (in excess of Rs 10000/-) will be disallowed while allowing depreciation etc on such fixed assets.
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