cash payments
Gourav Sharma (8 Points)
06 January 2019
if i purchase diseal from petrol pump amounting to rs. 120000 and payment made in cash. is this amount to disallowance
3 Replies
umesh kumar sidana
(ca)
(143 Points)
Replied 06 January 2019
Yes, this will be disallowed during your tax audit.
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 07 January 2019
is the amt of 120000 paid at one time on a single day or in parts. if paid on a single day in whole then it will be disallowed.
Sarath Rajendran
(Nil)
(2791 Points)
Replied 07 January 2019
If you made this payments in different days you no need to disallow such expense
Other wise all expense paid above 10,000 is disallowed for this period.
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