can one make cash payments of more than 20000/- at a time to sundry creditors against due bills
can one make cash payments of more than four laks during the year to sundry creditors against due bills
or, is such payment also disallowed u/s 23.
can one make cash payments of more than 20000/- at a time to sundry creditors against due bills
can one make cash payments of more than four laks during the year to sundry creditors against due bills
or, is such payment also disallowed u/s 23.
Dont have any information about the second 1 but payment to creditor over and above 20000 is disallowable under income tax act..........
Aggarwal Sarawagi and Co
New Delhi
CA
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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CAclubindia
