Cash more than rs.20000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2012 Can you advice me if a person makes a payment of Rs.30000/- in cash would the whole amount be dissallowed or only Rs.20000 and remaining Rs.10000/- would be allowed.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
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27 November 2012 The whole amount is dis allowed.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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27 November 2012 Agree with the expert...Entire amount will be disllowed.

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CA Ravi Kumar

CA Ravi Kumar (Expert)
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27 November 2012 Yes, agree with both

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2012 Thanx sirs, Incase a company buys plastic moulded chairs upto Rs.4500/- will that be expensed out or it will shown under office equipment???and if later than how to be written off?

Azharuddin Ansari