19 November 2010
Is the cash payment exceeding 20,000 or 35,000 (as the case may be) is against per invoice or it is maximum amount payable to any party in one day ???? Plz provide the reference also (if possible)
for e.g 1st bill - Rs.15,000 second bill- Rs.15,000 One payment on a single day Rs.30,000.... Is it allowed ?????????
19 November 2010
Agreed with Sanat, The payment may even exceed Rs.20000/- if the bill amount is less than Rs.20000/- Eg. 1 st Bill amount Rs.12000 2nd Bill amount Rs. 13000
Cash of Rs. 25000 may be paid on single day for the above mentioned bills
CAclubindia
