cash payment exceeding Rs. 20000
This query is : Resolved
CA Kanwaljeet
(Querist)
16 March 2010
dear expert,
during the audit i found that the company has made a single payment of Rs. 117500 in regard for salary for 10 employee,, so i want to know that whether is it dissallowed or not
thanks,
during the audit i found that the company has made a single payment of Rs. 117500 in regard for salary for 10 employee,, so i want to know that whether is it dissallowed or not
thanks,
CA Gangadhar Mishra
(Expert)
16 March 2010
allowed
CA Ravi Sisodia
(Expert)
16 March 2010
i think Allowed
CMA Ramesh Krishnan
(Expert)
16 March 2010
It is need to check the single person payment whehter it is exceed Rs.20000/ if exceeds then it is disallowed
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