Cash payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2014
WE ARE A PVT LTD CO.
PLEASE GUIDE US ON PROVISIONS IN RESPECT OF CASH PAYMENTS.
PAYMENT AGST ANY PURHCASE
TOUR ADVANCE TO A EMPLOYEE.
PLEASE GUIDE US ON PROVISIONS IN RESPECT OF CASH PAYMENTS.
PAYMENT AGST ANY PURHCASE
TOUR ADVANCE TO A EMPLOYEE.
Nikhil Kaushik
(Expert)
10 March 2014
simple...dont make payments in excess of Rs 20000 to any party in a single day
10 March 2014
else sec 40A(3) will be applpicable and will be disallowed.
Sandeep Dharar
(Expert)
10 March 2014
If u r Transporters then the limit will increase to Rs. 35000/- in a single day 2 a single party.
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