Payment possible??

This query is : Resolved

Dhanraj (Querist)
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24 September 2009 Respected experts

Could you please let me know if a Creditor has given bill for Rs. 200000/-, can we pay him for the above purchases in parts i.e. Rs.20000/- for the purpose of tax audit??

Is there any case law in this regard, please give its name & source ??

Thanks in advance

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 September 2009 you can pay in parts but it wont be feasible as you have to park 10 entries fotr the same :) otherwise also it not advisable

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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24 September 2009 It is at your discretion whether you pay in parts or lumsum.

In case you are asking about the payment in cash then also you may pay in parts with payment not exceeding Rs. 20000 in a day.

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