Section 40A(3)
shaishav adani (4 Points)
23 November 2019
Is Cash payment of Rs16000 allowed against 2 Bills of Rs8000 each against same party in a single day allowed?
3 Replies
Pranav Aggarwal
(525 Points)
Replied 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...!!!")
(128106 Points)
Replied 23 November 2019
Better to get 2 different dates or payment 2 different dates
Kapadia Pravin
(17264 Points)
Replied 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.
Keep this limit in mind and make cash payment accordingly.
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