Payment above rs.20000/-
This query is : Resolved
30 January 2015
if co. expense pyt more than Rs.20000/- to purch like stationary, computer parts etc...& pyt in cash because at flipcard.com only cash on delivery option available
MY qwery is it is disallow or allow as per income tax...?
30 January 2015
Hi
If there is separate invoice for each time whose value is less than 20K then no dis-allowance else it will be disallowed.
Thanks!!
@VaibhavJ
If there is separate invoice for each time whose value is less than 20K then no dis-allowance else it will be disallowed.
Thanks!!
@VaibhavJ
Rupesh Jain
(Expert)
31 January 2015
yes it you but the goods above rs. 20000/- not the capital expenditure then its will be disallowed.
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