Credit card payment
This query is : Resolved
megha chauhan
(Querist)
12 February 2014
is credit card payment more than 20000 in cash is disallowed??? is it cover under that provision???
Nikhil Kaushik
(Expert)
12 February 2014
what you mean by credit card payment in cash? if you mean payment to credit card company, i dont think that can be disallowed given that you dont pay to credit card company in relation to an expense...
other expert opinion is welcomed on this.
other expert opinion is welcomed on this.
Vishal D Shah
(Expert)
12 February 2014
Payment is to be deposited with the banker even if paid in cash. Although the entry will not reflect in your bank books but it can be argued that payment is via bank only. I don't think so it would be disallowed.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
