Regarding cash payment
This query is : Open
RAHUL JOSHI
(Querist)
06 July 2017
Agar kisi firm m alag alag expenses mila k 20,000/- se jyada ka cash payment kiya jaye to kya vo valid h?? Example:- 15000/- X ko Payment kia.. 15000/- Y ko payment kia and 2000/- ka petrol ... 320 ka misc exp..
Total 32320 ka payment books m sahi h??
Please suggest with rule and sections of income tax
Total 32320 ka payment books m sahi h??
Please suggest with rule and sections of income tax
Ashiwini Ballodia
(Expert)
06 July 2017
Yes it is correct, but from 1/4/17 cash payment limit has been revised to Rs.10,000/- from Rs.20,000/-
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