Hai,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
As according to Sec 40A(3) ,,, the cash payment limit for the F.Y 12-13 is 20,000 or 10,000???
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40a(3)
Replies (9)
20,000/- is the limit.
And 35,000/- is the limit for payments to transporters.
No change in the limit. it is 20k and 35 k respectively.
Agreed with Prateek.
Agreed with all except Rasami Neelam
payment above Rs. 35000 for transporters, for any other payment Rs. 20000 is the limit. The entire payment is disallowed.
20 k ,
35 K
As according to Sec 40A(3) ,,, the cash payment limit for the F.Y 12-13 is 20,000 and 35,000 in case of transporter
Varuna & others are right
Rs. 20000 and Rs. 35000 respective limits are for per expense per day...
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