Cash payment
Vinay Gupta (271 Points)
28 June 2017
Cash payement over 20000/- to restaurant for party allowed or not?
2 Replies
CA Aditya Goenka
(CA Practice)
(174 Points)
Replied 28 June 2017
You can pay any amount to anyone thru cash but if you pay more than
For Financial Year 2016-17- Rs. 20000
For Financial Year 2017-18 onwards- Rs. 10000
Then you cannout claim any expenses in your business.
That expenses is dissalowed
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