Can i pay to the transporter in excess cash amount of rs. 35000/- in a day for more than 2-3 bills. (Single bill is less than 35 thousand)
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
15 April 2010Can i pay to the transporter in excess cash amount of rs. 35000/- in a day for more than 2-3 bills. (Single bill is less than 35 thousand)
praveen
(Chartered Accountant)
(6971 Points)
Replied 15 April 2010
No not in a single day.
You can pay it on more than one days.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 15 April 2010
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 15 April 2010
yes you can do this bcoz the provision is applicable in respect of expenditure as well as payment also. but the amount of each bill should be less than rs. 35000.it deos'n make a diff. that the number of bill is 2 or 3.
CAclubindia
