Cash payment

239 views 5 replies

Dear Experts

Can we pay factory rent - Rs.45000/- in cash mode ? as per income tax rule ?

Replies (5)
No can't pay 40 A(3) disallowance is attached
Originally posted by : Hitesh
No can't pay 40 A(3) disallowance is attached

Any Solution ?

PAY THE SAME BY WAY OF CHQ OR ELECTRONIC MODE

per day limit ten thousand only to transfer cash one person to another person
It will be disallowed under Section 40A(3). To avoid the disallowance pay the expense through account payee cheque, ecs, draft, or any other online mode.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register