Dear Experts, Kindly guide, whether a single bill of Rs.28,800/- can be paid in cash on several dates .
like
Rs 9000 on 21.3.19
Rs 9000 on 22.3.19
Rs 9000 on 23.3.19
Rs 1800 on 24.3.19
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Cash Payment singke bill multiple day
Replies (2)
Allowed as per Sec 40A(3) but not above ₹200000 against a single transaction
As per section 40(3) cash transaction shall not exceed Rs. 10000 per day
For transport operators only the threshold limit is Rs. 40000
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