Cash expenditure

You can not do excess of  Rs.20000/- cash payment as expenditure of against one bill to one party in one day.. for plying and hiring its 35000/-

Originally posted by : Pankaj Arora
	You can not do excess of  Rs.20000/- cash payment as expenditure of against one bill to one party in one day.. for plying and hiring its 35000/-

Apart from the above rule there is no other restriction on cash expenditure according to the Income Tax Act.

Regards

Ram.

 Agree with the above. There is no per annum limit as such.