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Cash payment
Replies (19)
thank you all
Mr. Ganesh Bhandari thats right for its example given in V.K. Singhaniya of PCC
Mr. Amit Yes u R right only 25000 is disallowed & 13000 is allowed
| Originally posted by : Deebu | ||
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Actually, payment made to one person in a day should not exceed Rs.20,000/- in cash rite?If payment made in cash to a single person, ie hes havvin 2 bills. 1) amounting to rs.7000 & 2 ) amounting to Rs.14000. In total it exceeds 20000 in dat day...Will it be disallowed? Pls reply..urgent |
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Payment to creditors is allowed. It is not taxable.
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