40 A 3 tells limit for revenue expenditure is 10000 rs per day in cash.
even capital expenditure in cash is limited to 10 k per day.
..,.....,.
269ST tells limit is 2 lakh.
what is the difference between these... limits.
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Query.. income tax
Replies (6)
Quick Summary
It's a difficult to check out these provisions as "PAYMENT Rs.10k & RECEIPT Rs.2lakhs"
But,
It's simply restrict the cash transactions...
| Originally posted by : RAJA P M | ||
 |
It's a difficult to check out these provisions as "PAYMENT Rs.10k & RECEIPT Rs.2lakhs" But, It's simply restrict the cash transactions... |
 |
Dear Mr. Sharath Chandra.,
YOUR DOING WELL IN CCI...!!!
As per Your query I / We have discuss more details about the said restrictions.
But, The written query is common and want give inputs multi way.
So, Better to ask questions one by one or separate through this query. I will try give my best based on MY KNOWLEDGE.
GOOD LUCK...!!!
Pls mention the restrictions.
| Originally posted by : sabyasachi mukherjee | ||
|
Pls mention the restrictions. | |
Are You asking to Whom...?
I feel he is here only for leaderboard.. but still don't understand what's the use of leaderboard,.....
Receipt nit Rs. 2 lakhs
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