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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.

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

12 August 2019 Sir, its goods payment not expenditure is this allowable

12 August 2019 Please note that it is considered as purchase expenditure.

12 August 2019 Thank you very much Sir
to clear everything


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