Payment in cash for any expenses or to any party or person
This query is : Resolved
HITEN V THAKKAR
(Querist)
13 August 2015
Dear All, How much we can pay in cash to any person or any company or any expenses in individual status or company status. What is limit of paying in cash in financial year or accounting year. Can we pay the one bill either in cash (upto which limit) and part thru cheque. Is it possible two mode of payments to any expenses or any person or any party.
Amol S Joglekar
(Expert)
13 August 2015
it is possible to make the payment in different modes for the same account. No issues.
20,000 is the thresh hold limit for cash payments.
20,000 is the thresh hold limit for cash payments.
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