For A.Y. 2010-11, What are the limit of Payment is made by any mode other than account payee cheque or draft.
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IT act, 1961 u/s-40A(3)
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Limit is same as in FY 2008-09, i.e Rs.20000/-, except for payment to transporters, for whom the limit has been increased now to Rs. 35000/- in a single day.
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