Cash paymnet
This query is : Resolved
satish kumar Chauhan
(Querist)
29 March 2018
HOW MUCH CASH PAYMENT LIMIT IN AGGREGATE DURING THE YEAR, WHEN PURCHASE MADE RS. 10. LAC DURING THE YEAR FROM A SINGLE BUYER IN MULTIPLE BILLS ( EACH BILL LESS THAN 1.00 LAC)
THANKS
THANKS
Sandeep Dharar
(Expert)
29 March 2018
Cash expenses above 10K to a single person in a single day is disallowed.
30 March 2018
Yes I agreed with Mr Sandeep Dharar's view
and Only two Lakhs per annum...
satish kumar Chauhan
(Querist)
30 March 2018
Sir it means i received from my each customer Rs. 10000/- per day against goods sold and there is no limit of aggregate amount during the F.year
30 March 2018
No No No...
In One day not exceeding Rs. 10k...
In A Year it's not exceeding Rs. 2 Lakhs...
In One day not exceeding Rs. 10k...
In A Year it's not exceeding Rs. 2 Lakhs...
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