Petty cash transfer to other unit
This query is : Resolved
ANIMESH PANDEY
(Querist)
12 October 2017
Dear Sir,
I have a querry that can one unit transfer petty cash of let say Rs.50000 in a day to other unit of same company??
Will it affect any provision of income tax for example 269 SS or any other sec of IT?
I have a querry that can one unit transfer petty cash of let say Rs.50000 in a day to other unit of same company??
Will it affect any provision of income tax for example 269 SS or any other sec of IT?
Amol S Joglekar
(Expert)
12 October 2017
yes, money can be transferred....it does NOT affect any provision of income tax.
ANIMESH PANDEY
(Querist)
12 October 2017
thanks for your reply
Amol S Joglekar
(Expert)
12 October 2017
you are most welcome...........
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