Cash transaction limit

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paras r kantariya

paras r kantariya (Querist)
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11 June 2014 what is cash voucher limit for expense,sales,purchase,fright payment and for trust?

Sandeep Dharar

Sandeep Dharar (Expert)
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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.

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