Cash payment as per new provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2017
I want to know whether Cash Payment per day Rs 10000/- is applicable to following case
For Payment of Goods Purchased for Trading in regular Business
For Payment of Goods Purchased for Trading in regular Business
26 April 2017
Yes. Please see section 40A(3) of the Income tax Act,1961.
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