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Cash payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2013 what is the prescribed limit of cash payment?
i think its 20000
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2013 On which point you are asking cash limit

Under Income tax , payment by cash more than Rs.20000/- will be disallowed u/s.40A(3) subject to rule 6DD

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