Professional charges rs 30,000 paid in cash

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TARIQUE RIZVI (Querist)

29 June 2019 We have to pay Rs 30,000 to some professional on account of professional charges for the Ay 19-20 ( Year ending March 19 ). Can I pay in cash that much amount at one time ? I have been advised to pay in 6 installments @ Rs 5000 each. Can I do sir like this ?

Guest

Guest (Expert)

29 June 2019 Don't pay more than 10,000 in a day to one person.

Shrikant Toshniwal

Shrikant Toshniwal (Expert)

30 June 2019 u can pay directly 30000rs if u firm not covered under audit

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

01 July 2019 Shrikant sir regards ours is a pvt ltd company and the company is under tax audit. How to pay in cash Rs 30,000 some one has advised me to pay in six installment Rs 5,000 each. Will it do ?

Shrikant Toshniwal

Shrikant Toshniwal (Expert)

03 July 2019 Some body suggested u rs 5000 one possible reason is to get gst exemption of rs 5000 a day
As my opinion as u fall under audit so u can pay rs 10000 cash a day

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