Payment in cash of GR
This query is : Resolved
19 June 2008
Can we pay in cash payment of GR(Goods Receipt) of Rs.25000?
19 June 2008
No..u can't as any payment (Subject to 6DD exceptions)exceeding Rs.20000 made in cash will be disallowed u/s40a(ia)...
19 June 2008
20% of the amount paid inexcess of Rs. 20000 in cash will be disallowed...
This disallowance is not applicable for Agricultural produces procured from farmers.
This disallowance is not applicable for Agricultural produces procured from farmers.
20 June 2008
Not 20% but whole 100% of cash payments above Rs.20000 will disallowed from A.yr-2008-09
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- FEMA regulation Act. for inward remitance
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
