Cash payment u/s 40a(3)

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20 Points Posted on 08 May 2021
a bill of rs 32000/- can be paid in cash on several dates
payment dates are as
10/5/21 payment rs 10000
15/5/21 payment rs 10000
18/5/21 payment rs 10000
22/5/21 payment rs 2000

these transactions allowed or not
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On 08 May 2021 at 18:37 Report
Replies (6)
Quick Summary
This discussion explores the legality of making a bill payment of Rs 32,000 in multiple cash instalments on different dates. The consensus among participants is that this approach is allowed, as the payments are spread out and not made as a single large cash transaction on one day. This strategy helps comply with regulations concerning cash payments.

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Chartered Accountant
20 Points Posted on 08 May 2021
It will be allowed as payments are made in different dates
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On 08 May 2021 at 19:03
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20 Points Posted on 08 May 2021
Yaa it will be allowed because payment are made in different dates
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On 08 May 2021 at 20:08
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20 Points Posted on 08 May 2021
Yes it is allowed
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On 08 May 2021 at 20:48
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Chartered Accountant
20 Points Posted on 09 May 2021
Yes allowed
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On 09 May 2021 at 06:15
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Practice
20 Points Posted on 09 May 2021
This is allowed.
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On 09 May 2021 at 08:48
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Chartered Accountant
20 Points Posted on 10 May 2021
Agreed
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On 10 May 2021 at 06:24

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