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
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