LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Easy Office

Section 40A(3)

(Guest)

I would like to know that is there any amendment came regarding the cash limit for the payment to the transport operators, if so what is he limit??, If not what is the limit?

Reply
Follow
Share

9 Replies

Jaisika Kukreja (216 Points)
Replied 13 November 2018

No , there is no amendment . And payment in excess of INR 20000 otherwise by account payee cheque ,demand draft or ECS is not allowed.

SOWJANYA NALLURI (Article Assistant) (7 Points)
Replied 13 November 2018

No there is an amendment for cash limit 10,000

1 Like

Jaisika Kukreja (216 Points)
Replied 13 November 2018

Amendment is in rest payments except transport operators

Uday Rathi (133 Points)
Replied 13 November 2018

In case of transport operators, payment in excess of 35,000 in a Day other than by account payee cheque, demand draft would be disallowed.
In any other case, payment in excess of 10,000 in a day will b disallowdd

2 Like

Jaisika Kukreja (216 Points)
Replied 13 November 2018

OK ..Is this amendment applicable to advertisement expenditure also ??

Uday Rathi (133 Points)
Replied 13 November 2018

Yes to all revenue expenses which are routed to p&l account

Jaisika Kukreja (216 Points)
Replied 13 November 2018

BT in CS study mat. (new syllabus) advertisement expenditure upto 20000 is allowed (given)

rama krishnan (12234 Points)
Replied 13 November 2018

no except transporters for the rest of the payments the limit is 10000

Nitesh bind (Student CA Final ) (12692 Points)
Replied 14 November 2018

For any expenses payment (including Advertisement exp) in cash max allowed Upto Rs. 10000/35000 (for transporter).

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Easy Office

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings