sir,
I wanted to know what is the difference between cash and
cheque payment in terms of tax.



sir, I wanted to know what is the difference between cash and cheque payment in terms of tax...

Answer / sivagami

Whatever mode we are making payment, tax should be deducted and remit to Govt. For Cash Payment more than Rs. 20,000/- is not allowed

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Accounting General Interview Questions

if the current ratio is 0.5 what is the impact of working capital

4 Answers   Capital IQ,


what is a source document for a cancelled cheque

1 Answers  


"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

0 Answers  


What do u mean by accounting?

6 Answers  


Do you know any other accounting application?

0 Answers  






EOQ formula ? and tell me about that???

19 Answers   Banking, Capital IQ, IQ,


Tell me why did you select accounting as your profession?

0 Answers  


what is basic difference between accounting and finance

4 Answers  


What is the meaning of scrap value in accounting?

0 Answers  


Goods destroyed by fire rs.2000 and insurance company claim rs 1250. This is shown on adjustment,how is it posting on profit and loss account and balance sheet

1 Answers  


in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

0 Answers  


why we transfer wages and salary in trading a/c,and why we transfer salary and wages in p/l a/c?

2 Answers  


Categories