Cash payment
This query is : Resolved
27 October 2014
Can we paid rs 50,000/- to a same person in a single day, by (03) three different cash voucher? i.e. Rs. 15000/- and Rs. 17000/- or Rs. 18000/-
27 October 2014
Not possible
.
.
cumulative payment to a single party should not exceed Rs.20000(Rs.35,000 incase of payment for fireght)
.
.
You cannot escape just preparing 3 cash vouchers on a same date-same may be disallowed as expence.
.
.
however if date of vouchers are different in such a way not more than 20000 it is fine
.
.
cumulative payment to a single party should not exceed Rs.20000(Rs.35,000 incase of payment for fireght)
.
.
You cannot escape just preparing 3 cash vouchers on a same date-same may be disallowed as expence.
.
.
however if date of vouchers are different in such a way not more than 20000 it is fine
Message likes :
1 times
27 October 2014
Can we refund the booking amount (for vehicle) to a person by cash for rs 50000/-, as he has gave the amount by cash?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Consolidated financials
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
