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.
5 Replies
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 25 February 2019
10,000 per person per day
Gautam Rajendran
(Finance & Accounts)
(69 Points)
Replied 25 February 2019
Hi Sirnivasulu,
In Finance bill, 2017 these has been a amendment in 40A.
One PAN per day cash limit is Rs.10,000/-
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 26 February 2019
If you are dealing in cotton industry then, also consider rules applicable for payment to Farmers (Agriculturist) i.e. 6DD
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019
10000 per day as per section 40A(3)
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