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Guest

Guest (Querist)

28 May 2012 Dear Sir / Mam,

In a production house (company) how much of cash pmt or withdrawal should d company do as compared to making pmts thru cheque. What wud u suggest.. I am sure you would understand the situation when its a production house..

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)

28 May 2012 Payment by cash should be made for payments not exceeding Rs.20000 because otherwise it will violate the provisions of income tax and i think it is always better to make petty payments only by cash and for any sum over and above Rs.5000 payment should be made through cheque only.

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Guest

Guest (Querist)

30 May 2012 Thank you so much for the advice. I just love this website as it helps people like me to learn n get guidence properly. Appreciate it..

Guest

Guest (Querist)

30 May 2012 Thank you so much for the advice. I just love this website as it helps people like me to learn n get guidence properly. Appreciate it..

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)

30 May 2012 Thank you so much for these nice words.We at caclubindia are only to help..

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