14 June 2017
I have made a purchase of rupees 120000 from my creditor in a single bill and I have paid him in cash with an amount of rupees 20000 each at 6 different dates . Will the payment be allowed?
14 June 2017
splitting of payments is not legal as far as the disallowance for cash payment is concerned. further the limit for cash payment now stands at Rs 10000/-
CAclubindia
