hello. my all dear Sir,
main janna chanta hun ki agar hum A se material purchase karte hain to Cash payment Kitna kar karsakte hai.
In case of civil accounts book.... agar hum water tanker / Malba and Mitti road work ke liye purchase karte hai to uska maximam payment kya hoga.
kindly help me. . . . please.
and i am looking accounting Job in south delhi... if you have any opening as per my need please refer me.
Thanks & Regards
Daljeet Chouhan
9873748032
Dear Sir,
As per Section 40a(3)(a) of Income Tax Act 1961 :- You Can Pay upto INR 20000.00 in single day to single person.
I disagree with Rahul that payment made against more than one bill to a person in a day is allowed if aggregate exceeds rs.20,000. I think earlier it used to be allowed but after amendment in 2008 payment exceeding rs 20,000 to a person in a day in cash is not allowed even if the payment is made against 3 or 4 bills.
Anybody please confirm this
CAclubindia
