Cash payment limit

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3 Points Posted on 29 January 2020
How can I payment a person Rs 15000.
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On 29 January 2020 at 14:43 Report
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Quick Summary
This discussion clarifies cash payment limits in India, particularly regarding the Rs 10,000 daily limit for business transactions under PGBP. It explains that while a single cash payment of Rs 15,000 is permissible for personal expenses, business payments exceeding Rs 10,000 in a day typically require digital methods. The thread also explores strategies for managing larger bills while adhering to regulations like Section 40A(3) and Section 269ST.

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You can pay through digital way like upi otherwise you have to pay them 10 k in a day
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On 29 January 2020 at 15:01
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17269 Points Posted on 29 January 2020
You can pay in cash 15000/- straight way.

The 10000/- limit is applicable to business / professional transactions the income of which is chargeable under PGBP
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On 29 January 2020 at 15:15
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"Do the Right Thing...!!!"
128157 Points Posted on 29 January 2020
Pay less than 10000/- per day...
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On 29 January 2020 at 15:50
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17269 Points Posted on 29 January 2020
Rahul, always elaborate your query.

simply payment to a person 15000/- by cash --- it means what, ---- loan, return of loan, business expenditure, personal expenditure, goods purchase transport payment , asset purchase, etc etc.

Limit or no limit is dependent on above and more factors.
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On 29 January 2020 at 19:17
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"Do the Right Thing...!!!"
128157 Points Posted on 29 January 2020
@ Mr Abhishek Kumar.,


Very Good reply by You without confusing firstly...

I appreciate or Salute to You for can't blank reply first after that confusing & rectifying then ask details from Querist...

🙏🙏🙏🙏🙏🙏🙏🙏🙏
Very Good Approache...
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On 29 January 2020 at 19:58
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student
28 Points Posted on 02 August 2020

Sir We can pay 1 purchase bill of 3lac by cash 19 times 10000rs and one last time 9999rs  at multiple dates and rest balance by bank .

And by doing this we will not hinder section 40A(3) as well as Section 269ST .??

Please correct me if I am wrong.

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On 02 August 2020 at 20:18

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