Easy Office
LCI Learning

Payment in cash more than rs. 20000 for diesel in a day

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 June 2015 Hi,

Please tell me our company is purchased diesel for more than Rs. 20000/- in cash on site in single day from common petrol pump for genset. Is it disallowed? Payment made for electronic work for more than Rs. 20000/- is allowed or disallowed? Our company is a construction company.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
30 June 2015 Yes. it will be disallowed u/s.40A(3), since the cash expenses more then Rs.20000

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links