Amt paid in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2013
A company purchased fixed assets (Computer) for rs. 65000 and paid entire amount in cash.
What will be the consequences?
What will be the consequences?
Anil Sankar V
(Expert)
16 July 2013
disallowed.
Suresh Mittal
(Expert)
16 July 2013
No disallowance as the restriction for cash payment is only in respect of expenses and not on purchase of capital goods.
Suresh Mittal
(Expert)
16 July 2013
No disallowance as the restriction for cash payment is only in respect of expenses and not on purchase of capital goods.
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