Cash transaction above 10000

This query is : Resolved 

17 June 2017 what if someone wants to make payment of 130000... but cash payment limit is 10000/-... is it possible to make payment of 10000/- each day regularly to adjust t he bill of 130000

17 June 2017 Yes it is possible.................

17 June 2017 If the split up payment is against a purchase invoice, disallowance u/s 40A(3) attracts.

17 June 2017 Thanks to both of you sir


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