Dear Sir,
we have got the service from transporter. fright bill Rs.23000 can we pay cash Rs.23000 fright from Delhi to punjab
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.
Yes, cash payment is within the available limit...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
