Cash transaction limit
This query is : Resolved
paras r kantariya
(Querist)
11 June 2014
what is cash voucher limit for expense,sales,purchase,fright payment and for trust?
Sandeep Dharar
(Expert)
12 June 2014
If cash expenses is made above Rs. 20000/-(35000 in case of GTA on Hire charges paid) to a single party in a single transaction then it is fully disallowed by IT Dept. and will b added back to ur income. So cash expense above 20K is not allowed.
There is no limit on Cash Receipts.
There is no limit on Cash Receipts.
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