banner_ad

Cash payment limit

356 views 6 replies
User Avatar

3 Points Posted on 29 January 2020
How can I payment a person Rs 15000.
Reply Share Follow
On 29 January 2020 at 14:43 Report
Replies (6)
Guest
You can pay through digital way like upi otherwise you have to pay them 10 k in a day
Reply
On 29 January 2020 at 15:01
User Avatar

17264 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
101 Reply
On 29 January 2020 at 15:15
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 29 January 2020
Pay less than 10000/- per day...
463 Reply
On 29 January 2020 at 15:50
User Avatar

17264 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.
101 Reply
On 29 January 2020 at 19:17
User Avatar

"Do the Right Thing...!!!"
128147 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...
463 Reply
On 29 January 2020 at 19:58
User Avatar

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.

Reply
On 02 August 2020 at 20:18


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details