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