CASH EXPENSES FOR THE EXPENSES DUE
This query is : Resolved
Quick Summary
Shalini RN
(Querist)
06 April 2024
Can we show payment in cash (below 10000/-) for the expenses booked as due in the current year in next financial year. If we do so, Does this make the expenses disallowed?
Nikhil Kaushik
(Expert)
06 April 2024
no disallowance in this case. only where the cash payment exceeds Rs 10000 in a day, the disallowance kicks in.
Shalini RN
(Querist)
07 April 2024
Thank you very much sir
Nikhil Kaushik
(Expert)
07 April 2024
you are welcome Shalini.
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