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Section 40A(3)
Is Cash payment of Rs16000 allowed against 2 Bills of Rs8000 each against same party in a single day allowed?
Replies (3)
No payment made to single party exceeds 10,000 will be disallowed in 40 a(3)
Better to get 2 different dates or payment 2 different dates
Per day Per person cash payment limit is upto 10000/- under 40A(3) for any expenditure. Otherwise such expenditure will be disallowed
Keep this limit in mind and make cash payment accordingly.
Keep this limit in mind and make cash payment accordingly.
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