40a(3)

Hai,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

 

As according to Sec 40A(3) ,,, the cash payment limit for the F.Y 12-13 is 20,000 or 10,000???

 

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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