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Regarding cash limit

Others 348 views 5 replies

we are the manufacture unit of cotton. daily we have petty expenses. like wages, hamali, transport etc. what is cash limit to pay to the above said expenses per day.

Replies (5)

10,000 per person per day 

Hi Sirnivasulu,

In Finance bill, 2017 these has been a amendment in 40A.

One PAN per day cash limit is Rs.10,000/-

thank you and congratulations

If you are dealing in cotton industry then, also consider rules applicable for payment to Farmers (Agriculturist) i.e. 6DD

10000 per day as per section 40A(3)


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