Dear Sir,
we have got the service from transporter. fright bill Rs.23000 can we pay cash Rs.23000 fright from Delhi to punjab
Sandeep Jain (Pivate) (1184 Points)
26 October 2022
sabyasachi mukherjee
(26057 Points)
Replied 27 October 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 27 October 2022
Cash expense Limit- Section 40A(3) of IT act..
Threshold limit: Cash payment exceeding Rs 10000 to person in a single day not allowed.
The Limit is extended to Rs 35000 in case payments are being made to transporters.
rama krishnan
(12234 Points)
Replied 27 October 2022
Amit
(Accounts )
(526 Points)
Replied 28 October 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 28 October 2022
Yes, cash payment is within the available limit...
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