Cash paid
This query is : Resolved
Sushil Mankad
(Querist)
01 October 2015
i have paid 76000/- cash for motor parts...in one date. and partly amount 19000/- four receipt made by suppliers it's, for view of income tax.. or what is remedy.. for this transection. and how can i entered in my books.
Amol S Joglekar
(Expert)
01 October 2015
what is the problem? you can do that... In fact most of the renowned repair houses like honda, toyota,ford INSIST on cash payment
Sushil Mankad
(Querist)
01 October 2015
thanks amol ji, there no issue of disalloances..? in itax.
Amol S Joglekar
(Expert)
01 October 2015
it is in the exigencies of the business. You need to prove that CASH payment was insisted by the so called repair house
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