income tax Payment more than Rs.20000/-
This query is : Resolved
PANKAJ MISHRA
(Querist)
25 March 2010
we are paying our Director Rs.100,000/- in a day in cash.
for the purpose of income tax we can prepare payment vouchers of up to Rs.20000/-
Please advise can we prepare more than one voucher in one day of Rs.20000/- of below Rs.20000/-?
for the purpose of income tax we can prepare payment vouchers of up to Rs.20000/-
Please advise can we prepare more than one voucher in one day of Rs.20000/- of below Rs.20000/-?
25 March 2010
Not to the same person.
It is beyond the purview of the query, however, i recommend that issue a cheque or make vouchers in the name of different persons.
It is beyond the purview of the query, however, i recommend that issue a cheque or make vouchers in the name of different persons.
CA SANJAY MUKHERJEE
(Expert)
26 March 2010
Agree with Rasesh
CMA Ramesh Krishnan
(Expert)
26 March 2010
agree with expert
CA Ravi Sisodia
(Expert)
26 March 2010
Agreed
CMA Arif Farooqui
(Expert)
28 March 2010
agreed
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