ABOVE 10000/- CASH TRANSACTION FOR MOTOR CAR FUEL
This query is : Resolved
Rajkumar Gutti
(Querist)
06 December 2019
OUR COMPANY HAVING MORE FOUR WHEELERS FOR MANAGER LEVEL PERSON
WE ARE FILLING FUEL FOR MOTOR CAR AND PAYING CASH TO PETROL PUMP.
EACH CAR FUEL BILL IS SEPARATE. BUT ALL BILL PAYMENT IS EXCEED RS.10000/-
IN THIS REGARD CAN THIS TRANSACTION IS NOT ALLOWABLE AS EXPENDITURE.
WE ARE FILLING FUEL FOR MOTOR CAR AND PAYING CASH TO PETROL PUMP.
EACH CAR FUEL BILL IS SEPARATE. BUT ALL BILL PAYMENT IS EXCEED RS.10000/-
IN THIS REGARD CAN THIS TRANSACTION IS NOT ALLOWABLE AS EXPENDITURE.
CA R SEETHARAMAN
(Expert)
06 December 2019
Yes not allowed payment in a day should not exceed 10000 in cash.
Message likes :
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Gokul Sharma
(Expert)
08 December 2019
PAY OTHER THAN CASH MODE.....
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