Cash payment limit

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How can I payment a person Rs 15000.
Replies (6)
You can pay through digital way like upi otherwise you have to pay them 10 k in a day
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
Pay less than 10000/- per day...
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.
@ 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...

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.


CCI Pro

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