thank you all
Cash payment
Page no : 2
CA Mohit kumar jain
(Searching Source of Money)
(149 Points)
Replied 12 April 2010
Mr. Ganesh Bhandari thats right for its example given in V.K. Singhaniya of PCC
CA Mohit kumar jain
(Searching Source of Money)
(149 Points)
Replied 12 April 2010
Mr. Amit Yes u R right only 25000 is disallowed & 13000 is allowed
Divya Karthik
(S)
(459 Points)
Replied 12 April 2010
| Originally posted by : Deebu | ||
 |
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 |
 |
sajid
(Auditor)
(214 Points)
Replied 12 April 2010
Payment to creditors is allowed. It is not taxable.
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