Cash payment exceeding rs 20000
This query is : Resolved
11 December 2009
Suppose there are two type of expenses amounting Rs.18,000/- & 13,000/- respectively against same party. will it be allowable if we pay to party in Cash? Because this is Payment to single party but against different expenses.? Again if he had raised a single bill ?
11 December 2009
it will disalloed.
11 December 2009
Agree it will disallowed.
11 December 2009
Cash payment to same party more than Rs.20K same day will not be allowed. But as per finance act 2009,you can pay upto Rs.35K for transportation charges.
11 December 2009
Yes agreed
11 December 2009
agree to all experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
