40A (3)
This query is : Resolved
22 September 2010
Purchase Rs.50,0000/- if i made cash payment of Rs.15000/- Rs.15000/- Rs.15000/- and Rs.5000/- for 4 days. this expenses will be allowed
22 September 2010
allowable as payment in a single day does not exceed rs. 20k.
22 September 2010
No cash payment exceed 20,000/- in a day so it is allowed.
practical process suggestion: take a A/c statement of both parties so it can be proved that you paid amount in 4 installments and other party also received in 4 days. it will be helpful it case is scrutinized.
practical process suggestion: take a A/c statement of both parties so it can be proved that you paid amount in 4 installments and other party also received in 4 days. it will be helpful it case is scrutinized.
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