dear experts,
one of my branch was purchased food for the month of feb'18 by cash around 13,000 in single bill
but according to the section 40(3) cash limit is 10000 per day
is there any alternate solution?
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Income tax
Replies (6)
Don't pay cash Rs. 10,000. Alternate solution is to make payment using account payee cheque or other payment mode prescribed under section 40(3)..
use digital mode
sir
I had taken Housing Loan from Bank and I am paying EMI for that monthly. Please tell me under which sections of IT Act I will get exemption for principal & interest, paying by emi?
I had taken Housing Loan from Bank and I am paying EMI for that monthly. Please tell me under which sections of IT Act I will get exemption for principal & interest, paying by emi?
undersection 80EE u can claim
Section 24: Income Tax Benefit on Interest on Home Loan
Section 80C: Tax benefit on Home Loan (Principal Amount)
Section 80EE: Income Tax Benefit on Interest on Home Loan (First Time Buyers)
I was paid more than 10000 by cash two month back what should I do
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