Daily cash payment limit
This query is : Resolved
dheeraj kumar
(Querist)
26 November 2012
DEAR SIR
HOW MUCH DAILY CASH PAYMENT CAN BE MADE TO A PERSON AS PER INCOME TAX ACT
PLEASE QUOTE LATEST RULING IN THIS REGARD
THANKS
DHEERAJ KUMAR
HOW MUCH DAILY CASH PAYMENT CAN BE MADE TO A PERSON AS PER INCOME TAX ACT
PLEASE QUOTE LATEST RULING IN THIS REGARD
THANKS
DHEERAJ KUMAR
Hari Beldona
(Expert)
27 November 2012
Expenditure in respect of which a payment or aggregate of payments made to A PERSON IN A DAY, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, exceeds twenty thousand rupees S.40A(3)
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