Payment more than 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2015
one of the my client paid 38700 for diesel expenses in one particular day...whether this will be allowed as deduction or not??
Sandeep Dharar
(Expert)
27 July 2015
If its paid for cash then its fully disallowed exp.
27 July 2015
If Diesel bills are proper, expenses won't be disallowed. If not will be disallowed
Sandeep Dharar
(Expert)
27 July 2015
Dear Rajesh, one time cash payment above 20K is disallowed, irrespective of evidences.
But if its capital expenditure then its fully allowed.
But if its capital expenditure then its fully allowed.
Sandeep Dharar
(Expert)
27 July 2015
Dear Rajesh, one time cash payment above 20K is disallowed, irrespective of evidences.
But if its capital expenditure then its fully allowed.
But if its capital expenditure then its fully allowed.
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