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.
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