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Cash payment limit for the financial year 2012-13

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2012 i want to know, is there any change in limit of cash payment as per Income Tax Act.
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
18 April 2012 no change for cash payment.
for transporter 35,000/- other than 20,000/-
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 April 2012 There is no change in cash payment limit u/s 40(3A).
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
18 April 2012 Dear Amit,
With due respect, the section no is 40A(3) and not 40(3A).
There are no changes in cash limits.
Its Rs.35,000 for transport payments and for others, its Rs. 20,000.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 April 2012 Sorry, typographical error..the bracket should have been after "A".
thanks for noticing.
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2012 thanks a lot

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