Limit to purchase farmers crop in cash
This query is : Open
08 April 2017
I am a aadraty I doing bussiness grain , peanuts , musterd , gram etc .I do purchase directly by farmers . Before 31/3/2017 pay cash is exempt any amount . Now I want to know that is any limit applicable or regular exempt to continue as per as 31/3/2017 so please give me any suggestions
08 April 2017
You can't pay more than 2 Lacs in cash to a person on a day on more than one day for a single transaction from 01/04/2017.
08 April 2017
under 2 lakh i pay many time pay cash
08 April 2017
i puchase crop 1 day 150000 i pay cash than same year i purchase crop100000 same person can 100000 i pay him or not because 1 year total transaction 2.5 lakh
08 April 2017
Each day limit should not exceed 2 Lac. No limit for yearly purchase. You can do as proposed.
08 April 2017
thanks for Clearification
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