Sec 40A(3)
CHETAN JANGID (95 Points)
18 September 2019
Is cash purchase of stock more than rs. 10000 allowed or not.
3 Replies
Mayur Iyer
(246 Points)
Replied 18 September 2019
Any way u pay cash more than 10,000 not allowed
EXCEPTIONS:
1)Payment to transporter (Upto 35,000) allowed
2)Situational considerations as per rule 66D
EXCEPTIONS:
1)Payment to transporter (Upto 35,000) allowed
2)Situational considerations as per rule 66D
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