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Cash payments on sundays

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2015 Can we show business cash or any type of entries on sundays?? Whether it is allowed or disallowed under income tax act????
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CA Jitendra Daraji

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CA Jitendra Daraji (Expert)
11 August 2015 Yes, You can show. but you can not make payment for expense to single person more than Rs. 20000 in cash in any day of year. Income tax will allow u all the expense which are related to your business. It have nothing to do with sundays or any other holiday.
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