CASH PAYMEN ENTRY


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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2010 WE BOUGHT RAW MATERIAL ITEM IN CASH FOR AMOUNT 50000/- ON SAME DAY ,SUPPLIER INVOICING US IN THREE INVOICE AS 17000/-,17000/-,16000- FOR SAMEDATE WE PAID SAME AMOUNT ON SAME DAY & I PASSED ENTRY ON SAME DAY IN THREE SEPRATE VOUCHERS. IS IT CORRECT OR ITPOINT OF VIEW?

CA SMR (Expert)
05 September 2010 YES

05 September 2010 yes. Sec.40A(3) applicable even aggregate payment made by cash more than Rs.20000 in a day

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2010 Sir please be specify that entry which i made on same day is correct or i should rectify & make new entry below 20000 payment on various day

05 September 2010 Please pay in different days, not in single day, otherwise Sec 40A(3) applicable.


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