Cash payment to coustomer
This query is : Resolved
Prashant Kumar Gupta
(Querist)
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).
Prashant Kumar Gupta
(Querist)
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.
Prashant Kumar Gupta
(Querist)
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
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