About disallowance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2012 Q). Purchases Worth Rs-30000/- on 20th may and Payment made by cash Rs-15000/- on 20th may and Remaining Rs-15000/- on 22nd may is Disallowance attracted or not?
Q). In the above case Advance payment by cash on 15th may and Remaining amount paid on 20th may.

Please clarify my doubt.
With Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 June 2012 Q.1 Disallowance will not attract since the single day payment not exceed Rs.20000

Q2. Same as above

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