Limit for disallowance of business expenditure made in cash above rs 10,000/-

Dileep (Accountant) (82 Points)

04 May 2017  
As per current Finance Act 2017, Business Expenditure exceeding Rs 10,000/- made in cash will be disallowed. Ours is a Travel Company & we make visa payments to consulates on behalf of our clients going on package tours. These payments are made in India to different consulates in cash. Can we make cash payment above Rs 10,000/- in such case ?