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payment over 20000

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(Querist)
21 June 2011 i m working in retail industry..
direct connect to retails customer & i get payment in cash.
can i payment over 20000 to dealer or company..
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
21 June 2011 No. you can not pay more than 20000 for any expenditure. except transporter. you can pay to transporter up to 35000.

you can purchase fixed assets above 20000

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