Income tax

ABHI KUMAR (735 Points)

05 January 2021

cash paid shop rent 15000 monthly i know i cant claim in pandl account but entry konsi karu for accounting purpose

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 05 January 2021

Shop rent a/c dr 15000
to cash a/c 15000

ABHI KUMAR (735 Points)
Replied 05 January 2021

Head konsa hoga kyunki pand l m expenses allow ni h

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 05 January 2021

Expenses upto Rs .10000 allowed to pay as cash!

ABHI KUMAR (735 Points)
Replied 05 January 2021

Yes but mene cash 15000 dia h allow ni h pandl m to ab head konsa rakhu only forbaccounting purpose

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 05 January 2021

You can part the transaction in two parts one for 10000 rupees and 5000 rupees under cash

ABHI KUMAR (735 Points)
Replied 05 January 2021

Ok thanks

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