Cash payment

RAKSHIT MEHTA (tax consultant) (114 Points)

25 April 2017  

a person engaged in business of selling of agricultural product on commission basis, i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now as per current notification, no expenses shall be paid in cash in excess of rs.10000. does this transaction of payment for purchase includes in that payment, can he pay rs. 165000 in cash to those farmers ?