Cash payment against One Bill above Rs. 10000

Save Share

This query is : Resolved

Quick Summary

A user paid Rs. 26,000 in cash for materials against a single invoice and is concerned about potential expense disallowance. They created a payment voucher within three days and are seeking confirmation on whether this is permissible, as a teammate believes it's not allowed due to the invoice amount. The user is asking for clarification on any rules regarding invoice limitations for cash payments.

Vipul Acharya

Vipul Acharya (Querist)

10 August 2021 We paid Rs. 26000 in cash against purchase of material, against one invoice

How to save this expenses from disallowance, I have made payment voucher in 3 days

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 August 2021 Yes, you can do as proposed.

Vipul Acharya

Vipul Acharya (Querist)

10 August 2021 But one of my team mate saying we cannot do this, as we have received only one invoice of Rs. 26000

Is there any rule regarding invoice limitation ? Kindly guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 August 2021 I don't find any such rule ask your team mate for such rule.

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