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Disallowance of payment

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(Querist)
07 May 2013 real estate company has purchase sand for. Rs 1,50,000/- and bricks for Rs. 1,20,000.

now, company made payment as follows:

sand: 60,000/- in cash as advance and remaining through cheque.

bricks: 35,500/- in cash and remaining through cheque.

my question whether cash payment is disallow or not?

thanks in advance!

Regards!
Ankit Palore
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Anil Sankar V

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Anil Sankar V (Expert)
07 May 2013 Now cash payment is disallowed, if payment is made on a single day i.e in excess of rs.20000

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