RS.20000/- AS BEARER CHEQUE

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Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2011 FOR PURCHASE OF FURNITURE IN THE OFFICE,CAN COMPANY ISSUE BEARER CHEQUE OF MORE THAN OF RS.20,000/- IN THE NAME OF INDIVIDUAL?

Ravikant (Expert)
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04 July 2011 Yes, even Cash payment can be done,
It will not be disallowed, Depreciation can be claimed on it,

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