Hi Friends,
i want to know cash expenditure limit per annum for single party
Reply me as fast as possible
Regards
Ravi M
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Cash expenditure
Replies (3)
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 | ||
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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/- |
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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.
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