CASH PAYMEN ENTRY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2010
WE BOUGHT RAW MATERIAL ITEM IN CASH FOR AMOUNT 50000/- ON SAME DAY ,SUPPLIER INVOICING US IN THREE INVOICE AS 17000/-,17000/-,16000- FOR SAMEDATE WE PAID SAME AMOUNT ON SAME DAY & I PASSED ENTRY ON SAME DAY IN THREE SEPRATE VOUCHERS. IS IT CORRECT OR ITPOINT OF VIEW?
05 September 2010
yes. Sec.40A(3) applicable even aggregate payment made by cash more than Rs.20000 in a day
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2010
Sir please be specify that entry which i made on same day is correct or i should rectify & make new entry below 20000 payment on various day
05 September 2010
Please pay in different days, not in single day, otherwise Sec 40A(3) applicable.
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