Easy Office

Cash payment above 20000/-

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 June 2010 One of Our client who is a distributor, purchase Milk from manufacturer Rs.200000/-through cash.whehther this amount can be allowed or not.(whether exception rule 6DD applicable in this case as a Dairy prduct) pls give me a clarification
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
03 June 2010 No such exception, One day limit is exceeds Rs.20000/- it will be disallowed
Profile Image

Prasad R

Profile Image

Prasad R (Expert)
04 June 2010 This will be disallowed any cash payment in excess of Rs 20000 to be disallowed as per the Income Tax Act.



Profile Image

CMA Arif Farooqui

Profile Image

CMA Arif Farooqui (Expert)
09 June 2010 not allowed
Profile Image

ajay taneja

Profile Image

ajay taneja (Expert)
15 June 2010 it will not allowed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links