Cash Payment More than Rs. 20000

This query is : Resolved

Ravi Kumar (Querist)
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07 October 2010 Hi,
Kindly suggest me can we made Cash payment More than Rs. 20000 for Freight on Raw Material.
B) For Cash Purchase of Raw Material,Capital Items???

Thanks
Ravi Kumar Sharma

haridhayalan

haridhayalan (Expert)
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07 October 2010 no. only govt / tax payment to be made.

CA SIDHARTH HIRALAL PATNI

CA SIDHARTH HIRALAL PATNI (Expert)
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07 October 2010 Frieght is not allowed as expenditure if its is paid in cash if the payment is above Rs. 20000

For the purchase of Capital Assets/items this section is not applicable.