Cash payment more than 20,000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2012
When firm paying 290000 cash to third party 0n 2/04/2012 due to there will be next two days holiday in most of the bank,is this expenditure is allowed for deduction?
11 April 2012
If the payment made day is bank holiday then it will be considered. please refer rule 6DD
12 April 2012
(j) where the payment was required to be made on a day on which the banks were closed either on account of holiday or strike;
AGREE WITH ABOVE EXPERT...
AGREE WITH ABOVE EXPERT...
12 April 2012
(j) where the payment was required to be made on a day on which the banks were closed either on account of holiday or strike;
AGREE WITH ABOVE EXPERT...
AGREE WITH ABOVE EXPERT...
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