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Payment of Rs.20 K and above

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(Querist)
23 February 2010 If employee has paid more Rs.30K to multiple vendor for cash purchase and company has accounted the same under one single voucher under his name with all relevant supporting.

Will it be disallowed or not.
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Lekh Sood

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Lekh Sood (Expert)
23 February 2010 No,it will not be if the multiple cash purchase in each case is less than 20k.
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Lekh Sood

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Lekh Sood (Expert)
23 February 2010 No,it will not be if the multiple cash purchase in each case is less than 20k.



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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 February 2010 agree. not atract multiple payments and entered in single voucher

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