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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2018 Dear Experts,
Yesterday I had deposit the cash in vendor current account against purchase. Pls let me know whether this transaction will be disallowed considering it's cash transaction however from in such scenario vendor current account become credit but my cash become less.. Pls guide me

Thanks & Regards
Ankur Gupta
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 September 2018 Yes it will be considered as cash transaction 30% will be disallowed.
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