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Director Suspense

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(Querist)
25 November 2021 Sir / Mam

In a Pvt Ltd co, there is any limit to a director for maintaining his suspense account?

please reply

thanks in adv
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Manish

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Manish (Expert)
25 November 2021 What are you referring to as 'Suspense account'?
Are you talking about the imprest account?
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sankar ponnan

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sankar ponnan (Querist)
25 November 2021 Yes sir regarding Imprest Account...



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Manish

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Manish (Expert)
25 November 2021 There is no limit to maintaining imprest balance.
Just follow payment limits in cash given under Income Tax law, e.g., 10,000 of expense to a person in a day.
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sankar ponnan

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sankar ponnan (Querist)
26 November 2021 Thank You so much sir

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