How much money

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How much money pay to cash as per cash purchase from unregistered person in IT Act.
Replies (4)

Rs. 10,000/- for clearance from auditor.

thank you and congratulations
Section 40A(3)(a) of the Income Tax Act provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs. 10,000/- in a single dayotherwise than by an account payee cheque drawn on a bank or by an account payee bank draft or through use of electronic clearing system, shall not be allowed as a deduction.

register or unregister person does not matter
thank you and congratulations ok


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