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Urd purchase limit as per income tax act

Tax queries 742 views 3 replies
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B.Com
26 Points Posted on 16 September 2017

please tell me URD purchase limit as per income tax act & also per day & yearly cash payment limit to URD

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On 16 September 2017 at 15:46 Report
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68 Points Posted on 16 September 2017
there is no such concept as URD in income tax . as per income tax cash expenses or payment more than 20,000 is not allowed in a day but cash receipts can b done upto 2L from an individual person if it's more than 2L Ur suppose to collect 1 percent TCS
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On 16 September 2017 at 15:59
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48 Points Posted on 16 September 2017

cash payment upto rs 10,000 per day per person..

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On 16 September 2017 at 16:20
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"Do the Right Thing...!!!"
128152 Points Posted on 16 September 2017
Yes. I agreed to Mr Ayub Khan.,
The cash limit reduced 20k to 10k...
Cash to a person allowed only 10k.....
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On 16 September 2017 at 18:52


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