I work in construction company. We require cash on daily basis for labour and some materials. What is the limit of cash withdrawal in a month and in a year?
Please suggest will it affect my accounts.
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cash withdrawal
Replies (9)
there is no limit on cash withdrawl from bank
restriction is on cash expenses as per section 40a(3)
what are the restrictions Rakesh sir?
the restriction is you can not pay by cash in excess of rs 10000 to a single person in a single day.
otherwise it will be disallowed as an expense
subject to some exceptions under rule 6DD
otherwise it will be disallowed as an expense
subject to some exceptions under rule 6DD
Rs 10000 in a single transaction or during the financial year
in a single transaction
means
to a single person in a single day
means
to a single person in a single day
ok Rohit sir
if a person gives a bill of 50k can I give him cash during the whole year step by step
if a person gives a bill of 50k can I give him cash during the whole year step by step
ok Rohit sir
if a person gives a bill of 50k can I give him cash during the whole year step by step
if a person gives a bill of 50k can I give him cash during the whole year step by step
yaa .. u can pay ...maximum in one day rs 10000 then no problem
and don't call me sir plz
I m student now
and don't call me sir plz
I m student now
hahahaha
ok sir
ok sir
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