Cash transaction upto which limit is allowed.
This query is : Resolved
17 July 2014
Respected Sir
For a single transaction of cash in a day upto which amount is permissible by Income Tax Authority.
For a single transaction of cash in a day upto which amount is permissible by Income Tax Authority.
17 July 2014
U can incur cash Expenditure upto Rs 20,000/- (35,000 in case of GTA for hire payment). Above 20k to single party in single transaction and in single day is fully disallowed by IT Authority.
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