Goods purchase

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Surinder (Querist)
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09 August 2019 Sir

We have purchased goods from Supplier for Rs.16660/-
Can we pay payment via Cash Rs.16660/- in a single day.

Udaya Chandran (Expert)
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09 August 2019 You cannot pay more than Rs.10000/- in cash as per Income Tax Act. Expenditure shall be disallowed.

Surinder (Querist)
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12 August 2019 Sir, its goods payment not expenditure is this allowable

Udaya Chandran (Expert)
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12 August 2019 Please note that it is considered as purchase expenditure.

Surinder (Querist)
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12 August 2019 Thank you very much Sir
to clear everything

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