Cash paid

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Sushil Mankad (Querist)
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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

Amol S Joglekar (Expert)
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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

Sushil Mankad (Querist)
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01 October 2015 thanks amol ji, there no issue of disalloances..? in itax.

Amol S Joglekar

Amol S Joglekar (Expert)
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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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