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Section 40A(3)

Others 288 views 3 replies

shaishav adani

4 Points Posted on 23 November 2019

Is Cash payment of Rs16000 allowed against 2 Bills of Rs8000 each against same party in a single day allowed?

Replies (3)

Pranav Aggarwal

525 Points Posted on 23 November 2019

No payment made to single party exceeds 10,000 will be disallowed in 40 a(3)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 23 November 2019

Better to get 2 different dates or payment 2 different dates

Kapadia Pravin

17264 Points Posted on 23 November 2019

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.

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