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CASH PAYMENT DURING THE YEAR
HOWMAY CASH PAYMENT ALLOWD SINGLE PERSON DURING THE YEAR
Replies (2)
As Per Income Tax Act. No Person Shall Give Cash Above 10000
In In aggregate from a person in a day; or
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Section 269ST of Income Tax Act provides that no person can receive an amount of INR 2 Lakhs or more in cash:
In aggregate from a person in a day;
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
In In aggregate from a person in a day; or
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Section 269ST of Income Tax Act provides that no person can receive an amount of INR 2 Lakhs or more in cash:
In aggregate from a person in a day;
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Under 269ST - cash transaction upto 2 lakhs
Under business & profession- -- expense payment in cash upto 10000/-
Under business & profession- -- expense payment in cash upto 10000/-
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