Sec.40(a)3

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2010 is this possible to pay in cash more than Rs.20000/- in a day where the multiple bill is available of less than Rs.20000/-

kantijain

kantijain (Expert)
Follow

03 June 2010 Dear Kuldeep,

answer to ur question is no as the provisions of the act are very clear and provides for payment in aggregate not to exceed Rs. 20000.

Regards
Kanti Jain

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

03 June 2010 you can pay if bill recd from diffrent party. single party cash payment up to 20000/ in case of transporter you can pay single transporter up to 35000 in a day.