Cash payments exceeds 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2014
Q1)My query is if we make a consolidated payments of diffrent bill of different date of a single party mr x which exceeds 20000 as under: 1.1.2014 bill no 01 10000 2.1.2014 bill no 02 8000 3.01.2014 bill no 03 9000 cash payments made on 4.1.2014 total 10000+8000+9000=27000
Plz answer it soon whether payments of 27000 thousand will be disallwed?
Q2) if above mentioned 3 bill (10000+8000+9000) belongs to same day i.e 3.4.2014 and payments made on 4.1.2014 total 27000 then what will be the answer ?
Plz answer it soon whether payments of 27000 thousand will be disallwed?
Q2) if above mentioned 3 bill (10000+8000+9000) belongs to same day i.e 3.4.2014 and payments made on 4.1.2014 total 27000 then what will be the answer ?
AVTAR SINGH
(Expert)
02 February 2014
Payment of cash exceeding 20,000 made on a single day will be disallowed.
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