Hai,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
As according to Sec 40A(3) ,,, the cash payment limit for the F.Y 12-13 is 20,000 or 10,000???
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 10 May 2012
RAKESH
(Almost CA)
(2199 Points)
Replied 10 May 2012
No change in the limit. it is 20k and 35 k respectively.
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 10 May 2012
Agreed with all except Rasami Neelam
Varuna
(CA Student)
(102 Points)
Replied 10 May 2012
payment above Rs. 35000 for transporters, for any other payment Rs. 20000 is the limit. The entire payment is disallowed.
PANKAJ AGARWAL
(practising Chartered Accountant)
(136 Points)
Replied 10 May 2012
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
Anupreksha Thote
(CA)
(285 Points)
Replied 17 May 2012
Rs. 20000 and Rs. 35000 respective limits are for per expense per day...
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