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