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Amt paid in cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2013 A company purchased fixed assets (Computer) for rs. 65000 and paid entire amount in cash.
What will be the consequences?
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Anil Sankar V

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Anil Sankar V (Expert)
16 July 2013 disallowed.
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Suresh Mittal

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Suresh Mittal (Expert)
16 July 2013 No disallowance as the restriction for cash payment is only in respect of expenses and not on purchase of capital goods.
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Suresh Mittal

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Suresh Mittal (Expert)
16 July 2013 No disallowance as the restriction for cash payment is only in respect of expenses and not on purchase of capital goods.

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