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limits of cash payment

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(Querist)
04 January 2011 what is the limitation for cash payment u/s 40A(3)

(1) is it still Rs. 20,000

or

(2) is it Rs. 30,000
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
04 January 2011 Cash payment limit under sec 40A(3) is 20000/= and in case of transporter 35000/=
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
10 June 2011 Cash payment limit under sec 40A(3) is 19999 and in case of transporter 34999
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