Payment in cash

Sir, pls tell me how much payment we made in cash to a private person and how much through cheque.
Replies (5)

When the payment is of revenue nature, not more than 20K per day per party, otherwise its disallowed. For cheque or banking channel, no limit. For payment of any capital nature, no question of disallowance.

sir please also intimated that if one person claims for his compensation, can it be paid in cash or not ? if yes, then how much amount can be paid in cash. if there any guidelines in this regard. 

Please elaborate nature of transaction. What do you mean by "intimated that if one person claims for his compensation"?

it mean that workman compensation can be paid in cash or not? if yes, then hhow much can be paid in cash.?

Again, if you go for deduction against income, the compensation should not exceed Rs. 20000/-

But if the compensation is legal in nature, why you wish to give it by cash?.

Its always better even for the receiver when any such transactions are done thr' Banking chennals.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
04 August 2026
ACCOUNTANT

CA RAM KISHOR KUMAR

Others

B.Com

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details