Cash payment to coustomer
This query is : Resolved
31 May 2012
I WANT TO KNOW THAT THERE IS ANY LIMIT FOR CASH PAYMENT TO CUSTOMER.
IF YES THEN TELL ME WHAT IS THE LIMIT
IF YES THEN TELL ME WHAT IS THE LIMIT
31 May 2012
Why would make payment to a customer?
payment will normally be paid to a creditor.
If payment for an expense is amde in Cash in excess of Rs. 20,000 the same is disallowed u/s 40A(3).
payment will normally be paid to a creditor.
If payment for an expense is amde in Cash in excess of Rs. 20,000 the same is disallowed u/s 40A(3).
31 May 2012
CAN WE PAID TO CUSTOMER / OTHER AS REFUND.
31 May 2012
Yes you can refund the excess amount paid by a customer in cash. There is no limit regarding cash payments in such cases.
23 May 2013
COUSTOMER DEPOSITED 1,20,000/- AND AFTER SOME DAYS HE WAHT TO REFUND ALL AMOUNT REFUND AS CASH.
CAN WE PAID ALL AMOUNT IN CASH
CAN WE PAID ALL AMOUNT IN CASH
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
