Cash transaction above 10000
This query is : Resolved
17 June 2017
what if someone wants to make payment of 130000... but cash payment limit is 10000/-... is it possible to make payment of 10000/- each day regularly to adjust t he bill of 130000
17 June 2017
Yes it is possible.................
Message likes :
1 times
17 June 2017
If the split up payment is against a purchase invoice, disallowance u/s 40A(3) attracts.
Message likes :
1 times
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Surcharge applicability on LTCG loss
- Requirement of Form 15CA CB - Rent payment
- ITR-U for AY21-22
- If Material shift from dry port local egm details not refleting on ICE gate portal
- TCS Return Without PAN
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
