banner_ad

Cash Payment More Than 10000 by Pvt. Ltd. Co.

253 views 4 replies
User Avatar

AUDIT MANAGER
109 Points Posted on 09 August 2021
Can a Pvt. Ltd. Co. make cash payment of a single invoice having value more than 10000/- on different different days keeping the restricted limit of every cash payment less than Rs. 10000/- ?
Reply Share Follow
On 09 August 2021 at 13:47 Report
Replies (4)
User Avatar

CMA
13117 Points Posted on 09 August 2021

These would still be disallowed as these pertain to a single invoice.

92 Reply
On 09 August 2021 at 14:00
User Avatar

Chartered Accountant
24588 Points Posted on 09 August 2021
No it will be disallowed
129 Reply
On 09 August 2021 at 14:34
User Avatar

2742 Points Posted on 09 August 2021
I think same will be allowed if the payment is done in different days, less than 10000
9 Reply
On 09 August 2021 at 15:28
User Avatar

Profession Business
28198 Points Posted on 09 August 2021
Disallowance of expenditure is provided under sec 40(A) (3)
ANY EXPENDITURE IN RESPECT OF WHICH PAYMENT OR AGGREGATE OF PAYMENTS MADE TO A PERSON IN A DAY OTHERWISE THAN BY ACCOUNT PAYEE CHEQUE /ELECTRONIC MODE exceeds Rs.10000 is a disallowed expenditure.
44 Reply
On 09 August 2021 at 16:24


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details