Menu
cash payments
if i purchase diseal from petrol pump amounting to rs. 120000 and payment made in cash. is this amount to disallowance
Replies (3)
Yes, this will be disallowed during your tax audit.
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.
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.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
