Payment of cash to supplier more than rs.10000 /-
This query is : Resolved
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
30 January 2018
No it will lead to disallowance of such expense..
30 January 2018
w.e.f. Assessment year 2018-19 the allowable cash payment is reduced to 10,000 from Rs. 20,000.00.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- RELATED TO TRIBUNAL APPEAL
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- LIC maturity claim whether taxable
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- TDS AND ITR ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
