Cash payment exceeding 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2014
If 90000 is paid to a hotel in cash for its 6 employees as boarding and lodging expenses for a conference.
hotel gives 6 bills each amounting to Rs. 15000.
Is it allowed??
hotel gives 6 bills each amounting to Rs. 15000.
Is it allowed??
12 November 2014
If payment is made in cash exceeding Rs.20,000 in single day (even though individual bill amount is below Rs.20,000) then it will not be allowed.
Thanks.
Thanks.
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