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Cash mode limit for money lending business

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B.com
3019 Points Joined June 2012
Sec 44ad it return filed money lending business person money amount pay to customers any limit of cash mode allowed in it act.
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On 04 May 2021 at 12:33 Report
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Chartered Accountant
24588 Points Joined November 2019
Cash can be paid not more than 10000 rupees in a single day u/s 269
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On 04 May 2021 at 12:43
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Practice
1361 Points Joined June 2019
Not exceeding 10000/- but not under section 269 but 40(A)(3) in my opinion
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On 04 May 2021 at 19:12
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Chartered Accountant
24588 Points Joined November 2019
Yes 40(A)(3)
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On 04 May 2021 at 19:45
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Practice
1361 Points Joined June 2019
Correct
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On 04 May 2021 at 19:55
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Chartered Accountant
24588 Points Joined November 2019
Yes you're right
1 Reply
On 04 May 2021 at 22:08

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