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.
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Regarding cash limit
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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