banner_ad

Cash payment more than rs. 20000/-

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 June 2015 Hello All,

A company can not pay rs. 20000 to a party in a same day. But when we have to purchase something for office in another city and this is expenses i.e. spare parts for machine etc. and have to pay immediately because that party is not our supplier. So in that case what should we do? Can we pay more tha limit: i.e. rs.100000
Profile Image

CA Prasanna Ojha

Profile Image

CA Prasanna Ojha (Expert)
26 June 2015 You can pay but you will not allowed to claim same as a deduction from Income tax department.but there is also a way u should pay on holiday nd after that u should apply for new chaque book. you should have the valid reason for do that
Profile Image

REENA

Profile Image

REENA (Querist)
29 June 2015 Sir,

If payment made for diesel used for genset for construction company, so it is also disallowed?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details