Cash advance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2014 Is advance in Cash above Rs.20,000/- to a particular party on a particular day allowable???

Rupesh Jain (Expert)
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12 April 2014 NO ALL EXP. WILL DISALLOW FOR THAT IT WILL ADD IN YOUR INCOME.

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2014 Its not expense ..its advance which may later on be expended..is it allowable above Rs.20,000/-

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