Cash payment exceeding 20,000
Querist : Anonymous
i am paying a electricity bill of amount 1,00,000 Rs by mode of cash payment is it allowable expenditure or to be disallowed ....?
However Board has extended the benefit of this clause to following payments through Circular No. 34 - Pyments made to / for
a) Railways on account of freight charges or for booking of wagons,
b) sales tax..
c) excise duty...
Since ur case is not covered by the above hence amount will be dissallowed.........
Querist : Anonymous
thankyou expert ji.
Regards,
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