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Cash payment

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Querist : Anonymous

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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.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 March 2014 simple...dont make payments in excess of Rs 20000 to any party in a single day
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
10 March 2014 else sec 40A(3) will be applpicable and will be disallowed.
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Sandeep Dharar

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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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