10k limit in cash when it apply
This query is : Resolved
Sunil Kumar
(Querist)
27 January 2021
10k limit in cash when it apply i want to know the conditions where this limit apply and where not
or give me rule no
or give me rule no
Dhirajlal Rambhia
(Expert)
25 September 2021
Section 40A(3) Cash Payment Disallowance...
Any payment made to a Person, in a day, for a single Bill exceeding Rs. 10,000 (For Goods Transport Agency Rs 35,000) other than prescribed mode will be disallowed under this Section.
Any payment made to a Person, in a day, for a single Bill exceeding Rs. 10,000 (For Goods Transport Agency Rs 35,000) other than prescribed mode will be disallowed under this Section.
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