Cash purchase or cash limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2014 PLEASE TELL ANY BODY WHAT IS LIMIT FOR PURCHASING OR SALE WITH CASH
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Sandeep Dharar

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Sandeep Dharar (Expert)
25 April 2014 U can purchase in cash upto Rs. 20000/- In other words the limit of cash expenditure is upto Rs. 20000/-. And there is no limit in cash Sale.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2014 THANKY YOU SIR BUT WE ARE PRUCHASE 20LAKHS DAILY IS IT POSSIBLE B CUSE CREDITORS GIVEN NOT TO THE CREDIT BASIC
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Sandeep Dharar

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Sandeep Dharar (Expert)
25 April 2014 No if ur cash purchase is above Rs. 20000/- then whole amount will b disallowed and added back to ur income.
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