19 October 2014
Our society for Resident welfare is collecting Maintenance Charges from members every month to the tune of Rs.2.00 Lac per month total collection. My query is that society is making payments of Kacha Bills without mentioning the name of supplier,vendor. Only item name and price is mention. No tax amount mention. 1. Is it valid /authrised payment in cash? 2. Is it not a evasion of tax which may arise lateron. 3. Is it a valid proof /supportive document for making payments of Rs.10000/- and above. 4. Society Auditor is to point out this anomalies or members to take care.
CAclubindia
