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Director Suspense

This query is : Resolved 

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

25 November 2021 What are you referring to as 'Suspense account'?
Are you talking about the imprest account?

25 November 2021 Yes sir regarding Imprest Account...

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.

26 November 2021 Thank You so much sir

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