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Cash transaction upto which limit is allowed.

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(Querist)
17 July 2014 Respected Sir

For a single transaction of cash in a day upto which amount is permissible by Income Tax Authority.
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Sandeep Dharar

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Sandeep Dharar (Expert)
17 July 2014 U can incur cash Expenditure upto Rs 20,000/- (35,000 in case of GTA for hire payment). Above 20k to single party in single transaction and in single day is fully disallowed by IT Authority.

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