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Petty cash transfer to other unit

This query is : Resolved 
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(Querist)
12 October 2017 Dear Sir,
I have a querry that can one unit transfer petty cash of let say Rs.50000 in a day to other unit of same company??
Will it affect any provision of income tax for example 269 SS or any other sec of IT?
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 October 2017 yes, money can be transferred....it does NOT affect any provision of income tax.
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ANIMESH PANDEY

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ANIMESH PANDEY (Querist)
12 October 2017 thanks for your reply
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 October 2017 you are most welcome...........

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