Expenses allowed on cash payment basis

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This discussion explores the types of expenses that are permissible when using the cash payment basis for accounting. It highlights that there are specific limitations on expenses that can be settled through cash transactions. For detailed guidance, a link to the Income Tax India resources is provided.

19 September 2023 which type of expenses are allowed on cash payment basis.1

20 September 2023 No more specific Expenses through cash mode..

29 September 2023 https://incometaxindia.gov.in/Booklets%20%20Pamphlets/19-say-no-to-cash-transaction.pdf


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