Should a Private Limited Company pay Telephone expenses of Rs. 2500 by Cheque or Cash in order to Claim deduction as Business expenses under Income Tax Act.
Rahul Jain (Accountant) (316 Points)
12 July 2013Should a Private Limited Company pay Telephone expenses of Rs. 2500 by Cheque or Cash in order to Claim deduction as Business expenses under Income Tax Act.
Akshata
(CA Final )
(324 Points)
Replied 13 July 2013
There is no issue with any of the modes mentioned..
Mihir
(Wealth Manager)
(5293 Points)
Replied 13 July 2013
You can pay in cash or cheque. Your choice.
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