Payment of cash to supplier more than rs.10000 /-
This query is : Resolved
Rupinder Singh
(Querist)
30 January 2018
Dear Sir / Maam,
We are doing Trading of Ready made Garments.......Can We pay cash to our Supplier Greater than Rs. 10000 /- perday......As our supplier wish to pick whole cash sale of our store on day to day basis which is always greater than Rs. 10000 /-........Please guide.
Regards
Rupinder Singh
We are doing Trading of Ready made Garments.......Can We pay cash to our Supplier Greater than Rs. 10000 /- perday......As our supplier wish to pick whole cash sale of our store on day to day basis which is always greater than Rs. 10000 /-........Please guide.
Regards
Rupinder Singh
Renu Goyal
(Expert)
30 January 2018
No it will lead to disallowance of such expense..
CA Suresh Jain
(Expert)
30 January 2018
w.e.f. Assessment year 2018-19 the allowable cash payment is reduced to 10,000 from Rs. 20,000.00.
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