Cash purchase per day limit
This query is : Resolved
Venkateshwarlu Pulluri
(Querist)
05 March 2025
Dear sir/s, what is the limit of cash purchase per day
06 March 2025
Section 40A(3) limits cash expenditure to ₹10,000, disallowing any excess as a tax-deductible expense.
Section 43 excludes expenses over ₹10,000 in cash for asset acquisition from the actual cost calculation.
Section 43 excludes expenses over ₹10,000 in cash for asset acquisition from the actual cost calculation.
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