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40 A(3)

manmohan baheti (student) (112 Points)

05 June 2018

should the expenditure not be exceeded by 10000 a day, or the expenditure could exceed 10000 a day but the payment towards its repayment should not exceed 10000 a day

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5 Replies

jatin aswani (ARTICLE ASSISTANT) (102 Points)
Replied 05 June 2018

Payment can't exceed

imran mian (Self Occupied) (42 Points)
Replied 06 June 2018

Payment to single person in a single day cannot exceed Rs. 10K in cash. Expenditure for the same can exceed the limit

RAJA P M ("Do the Right Thing...!!!") (127245 Points)
Replied 06 June 2018

The sec says, 10k to a Single Person in a Single day...

It's not restricted expenditures in a day. You can use any amount in a day as expenditure to multiple persons...

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DeangeloWelch (analyst) (22 Points)
Replied 23 June 2018

I do not see why the government has to poke so much around people's income. According to write my paper for me reviews we are paying taxes for everything we buy. Yet, government expects additional tax to be payed from the individual. It can be understandable if a person get millions of income but an average person cannot bear it.