Yes... govt tax payments can be done in cash without any limit.
We are told each expenses should be below Rs.20,000. I do not know this rule will apply to government payments
| Originally posted by : p.subrahmanyam | ||
![]() |
Shall we pay Rs.1 Lakh Rupees to government Challan in single payment ? | ![]() |
NO Such Limit For Payment to Government Challan in Single Payment.........
agreed with amit kanunga. no special provisions given under income tax act in regards of government payment..
PLEAE GIVE US ANY REFERENCE OF BARE ACTS TO SUPPORT YOUR ANSWER.
| Originally posted by : sharad rai | ||
![]() |
PLEAE GIVE US ANY REFERENCE OF BARE ACTS TO SUPPORT YOUR ANSWER. | ![]() |
https://www.incometaxindia.gov.in/tutorials/disallowance-of-business-expenditure-theory.pdf
You can find in the 9th page of this pdf, that payments can be made to government without any limit.
THANKS FOR INFO
can a finance company or banks make a single payment abouve limit i.e. rs 20000 ??
Yes Payment exceeding Rs. 20000 to Govt can be made in cash. This exception provided in Rule 6DD
sir, i am asking about that a Finance company make a payment exceed 20000 to other than govt ?
Your are not logged in . Please login to post replies
Click here to Login / Register
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
CCI
Pro
India's largest network for
finance professionals