Cash payment exceed to limit
This query is : Resolved
16 September 2013
Dear Sir, I want to know if I make a payment of Margin money in a finance company in cash of Rs.2.5Lac can it disallowed.please give me suggestion.
Can we Deposit (Margin Money) in Cash of 1.5 Lac in single day( we have entered 20000-20000 7 vouchers 10000 1 voucher it is ok or wrong)
Can we Deposit (Margin Money) in Cash of 1.5 Lac in single day( we have entered 20000-20000 7 vouchers 10000 1 voucher it is ok or wrong)
16 September 2013
Margin money is the nature of deposit. cash payment exceeding Rs.20000 will be disallowed only the expenses claimed in the p&l a/c. so you query margin money in the deposit sec.40A(3) will not apply
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
