Hi Friends
What is Cash Expenditure limit for tha A Y 2010-11
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Cash payments for 2010-11
Replies (6)
20000/- or 30000 for plying business
20000/-
35000/- for plying
Hi ravi,
as per section 40A(3) limit of cash payment of expenditure is Rs. 35000/- in case of transporter and Rs. 20000/- in any other case.
but some exceptions in which u can make cash payment are given under rule 6DD.
Link for rule 6DD is given below
https://law.incometaxindia.gov.in/DIT/income-tax-rules.aspx
Mr. Sachin Sharma is Right on the point.
| Originally posted by : sachin sharma | ||
 |
Hi ravi, as per section 40A(3) limit of cash payment of expenditure is Rs. 35000/- in case of transporter and Rs. 20000/- in any other case. but some exceptions in which u can make cash payment are given under rule 6DD. Link for rule 6DD is given below https://law.incometaxindia.gov.in/DIT/income-tax-rules.aspx |
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20,000 and 35,000 for plying in a DAY
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