Disallowance of payment
This query is : Resolved
07 May 2013
real estate company has purchase sand for. Rs 1,50,000/- and bricks for Rs. 1,20,000.
now, company made payment as follows:
sand: 60,000/- in cash as advance and remaining through cheque.
bricks: 35,500/- in cash and remaining through cheque.
my question whether cash payment is disallow or not?
thanks in advance!
Regards!
Ankit Palore
now, company made payment as follows:
sand: 60,000/- in cash as advance and remaining through cheque.
bricks: 35,500/- in cash and remaining through cheque.
my question whether cash payment is disallow or not?
thanks in advance!
Regards!
Ankit Palore
07 May 2013
Now cash payment is disallowed, if payment is made on a single day i.e in excess of rs.20000
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