Goods purchase
This query is : Resolved
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.
We have purchased goods from Supplier for Rs.16660/-
Can we pay payment via Cash Rs.16660/- in a single day.
Udaya Chandran
(Expert)
09 August 2019
You cannot pay more than Rs.10000/- in cash as per Income Tax Act. Expenditure shall be disallowed.
Udaya Chandran
(Expert)
12 August 2019
Please note that it is considered as purchase expenditure.
12 August 2019
Thank you very much Sir
to clear everything
to clear everything
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