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Outstanding liability

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(Querist)
07 November 2013 outstanding liabilities as on 31st March shown in BxS can we paid in cash after 31st March or compulsory paid by cheque only.
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CA.Krupa Mochi

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CA.Krupa Mochi (Expert)
07 November 2013 Yes, we can pay by cash but keeping in mind provisions of Income Tax Act.

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