Petty cash transfer to other unit
This query is : Resolved
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?
12 October 2017
yes, money can be transferred....it does NOT affect any provision of income tax.
12 October 2017
thanks for your reply
12 October 2017
you are most welcome...........
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