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Guest (Querist)

28 May 2012 Dear Sir / Mam,

In a production house (company) how much of cash pmt or withdrawal should d company do as compared to making pmts thru cheque. What wud u suggest.. I am sure you would understand the situation when its a production house..

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)
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28 May 2012 Payment by cash should be made for payments not exceeding Rs.20000 because otherwise it will violate the provisions of income tax and i think it is always better to make petty payments only by cash and for any sum over and above Rs.5000 payment should be made through cheque only.

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Guest

Guest (Querist)

30 May 2012 Thank you so much for the advice. I just love this website as it helps people like me to learn n get guidence properly. Appreciate it..

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Guest

Guest (Querist)

30 May 2012 Thank you so much for the advice. I just love this website as it helps people like me to learn n get guidence properly. Appreciate it..

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)
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30 May 2012 Thank you so much for these nice words.We at caclubindia are only to help..