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
CAclubindia
