in cash transaction, above Rs.20,000/- is invalid for
auditing but what if above Rs.20.000/- transaction is made
& how much tax will be paid if transaction is above
Rs.20,000/-



in cash transaction, above Rs.20,000/- is invalid for auditing but what if above Rs.20.000/- trans..

Answer / arisvijay

Tax exemption is valid to the extent of Rs20,000 only if its
is more than 20,000 tax has to be paid for whole amount.

Is This Answer Correct ?    2 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

wat is the deffernce b/w 4.6c and 4.7 versions?

1 Answers   KCCPL, TCS,


if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know?

6 Answers   Genpact,


EXPAND_________TOEFEL

1 Answers  


Expand ------BSP

1 Answers  


i have recd airtel bill for june 13 month , what general entry i have to book in tally and Airtel come under which head ??

1 Answers   Educomp,


what is forecast

1 Answers   IBM,


what is the golden rules of accounting?

8 Answers   Chartered Accountant,


WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

0 Answers  


The company asset(tempo)was sales, how to make sale tax return. and other entrys in tally.

1 Answers  


meaning of accounts payable

13 Answers   Accounting, Volkswagen,


is there any difference in contribution and net profit? if yes what is that?

2 Answers   KPIT,


what is zero balance clearing a/c. why we r maintaining this a/c in sap fico

4 Answers   Reliance,


Categories