Can i pay cash of rs. 10000 per month to settle a liability of 180000

hi,

 

If there is a liability of Rs. 1,80,000 in my books can I pay Rs. 15,000 (two installments of Rs. 10,000 and per month to settle it ?

What if the amount is 3,60,000 can I settle it in same way in 2 FY ? since I cannot pay more than 2 lakhs in one FY

 

 

Replies (3)
Not exceeding 2lakhs in a FY...



But,
Why not you ll pay banking mode...?
Less than 10000 by cash per day

Cannot use the banking mode.

It's an entry and party is not reliable 

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