Cash payment to imprest a/c
This query is : Resolved
22 February 2011
if cash more than Rs 20000 is paid to imprest a/c and the payment made by him is not given than sec. 40A(3),269SS or 269t anyone of them is applicable or not
22 February 2011
cash given for petty cash or imprest purpose is not actually cash spent for exense.
here cash remains within the business only..
so no sec 40A(3),269SS or 269T applicable
here cash remains within the business only..
so no sec 40A(3),269SS or 269T applicable
22 February 2011
Dear Abhishek : You can make payment to imprest account above Rs. 20000/-, but as per my opinion payments from imprest account must not cross the limits, (if payments from imprest crosses the limits then 40A(3), 269SS & 269T will come in picture)
Guest
Guest
(Expert)
22 February 2011
Good advise from both 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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
