Menu
Cash Payment More Than 10000 by Pvt. Ltd. Co.
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/- ?
Replies (4)
These would still be disallowed as these pertain to a single invoice.
No it will be disallowed
I think same will be allowed if the payment is done in different days, less than 10000
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.
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.
Recent Topic
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
Related Topics
CAclubindia
