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Urd purchase limit as per income tax act

Tax queries 733 views 3 replies

RAHUL SHRIVASTAV

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

Replies (3)

Abhishek Ajmera

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

Ayub Khan

-

48 Points Posted on 16 September 2017

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

RAJA P M

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

128147 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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