cash expenditure in a day
This query is : Resolved
05 May 2008
what is the limit of cash expenditure in day as per income tax act.
pl.explain in detail
pl.explain in detail
05 May 2008
not more than rs.20000/-in a single day for each head
05 May 2008
There is no such restriction for each head. Rather the celling applies to each payee.
05 May 2008
RS. 20000/- PER DAY FOR EACH PAYEE.
IF YOU PAY RS. 15000/-IN CASH AND BALANCE IN CQ. NO DISALLOWANCE.
R.V.RAO
IF YOU PAY RS. 15000/-IN CASH AND BALANCE IN CQ. NO DISALLOWANCE.
R.V.RAO
05 May 2008
Sir, i had read somewhere that the ceiling limit has come down to Rs. 10,000 each day each payee.
Please clarify......
Please clarify......
06 May 2008
total of 20,000 per day. Which is applicable u/s 40(a)(3).
Above that it will be disallowed.
Above that it will be disallowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
