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Cash payment to transporter
what is the limit of cash payment allowed to transporter in FY 17 - 18 that is AY 18 - 19..…? it was 35000 for last yr.
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Cash Payment Limit Reduced to Rs.10000/-. W.e.f. 1-4-2017, Maximum 10000/- can be paid to a single person in a single day for any expenses. Sec-40A(3) However for Transporters, the limit of Rs.35000/- is still available.
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