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

what is the responsiblities for accounts manager?

0 Answers  


What is meant by daily accrual and booking?

0 Answers  


deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason

1 Answers  


Maintaining assets register

1 Answers  


private placement

3 Answers   Capital IQ,






What is consignment cycle.?Explain the steps involved in the Consignmet..?

0 Answers  


The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.

1 Answers  


wages and labour entry

1 Answers  


What Is Depreciation, and from which date do we charge Depreciation for an asset ?

1 Answers   EDS,


goods worth rupees 440 distributes free among the poor?

0 Answers  


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

6 Answers  


I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

0 Answers   Carlton,


Categories