Payment in cash upto rs. 20000
This query is : Resolved
08 April 2012
Can we pay to creditors rs. 15000 in cash ??
Is allowed under income tax ?
Is allowed under income tax ?
08 April 2012
Yes, if the creditor is paid for a genuine
business transaction, Rs. 15000/- can be paid in cash.
business transaction, Rs. 15000/- can be paid in cash.
08 April 2012
Thanks.....
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