Section 40A(3) cash transaction limit

monirul sk (CMA) (78 Points)

05 February 2021  

Whether disallowance of cash transaction will applicable if expenditure in a day more than 10000 and bill amount of that particular day more than 10000, but payment in cash in 2 days?

Suppose expense in a day of Rs 18000, bill amount 18000 but payment made in 2 days 10000 and next day 8000.