cash above 10,000

sujin (accounts executive) (222 Points)

06 December 2017

dear experts,
IAM working in MNC company as a accountant my query is can I give advance 10,000 above to my employee by cash?

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 December 2017

No... Avoid in a day.

But,
You can pay it different days divided by less than 10k..

sujin (accounts executive) (222 Points)
Replied 06 December 2017

is there any notification for this

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 December 2017

https://www.simpletaxindia.net/2017/02/cash-payment-limit-reduced-to-rs-10000.H T M L?m=1

Sushil (Accountant) (108 Points)
Replied 08 December 2017

for a.y. 2015-16
Is Expenditure upto 35000 in cash allowed to Transporter except those exceptions of 6DD

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 08 December 2017

Also the 35k still applicable to Transporter payment. No more changes.

Sushil (Accountant) (108 Points)
Replied 10 December 2017

Raja P M. .

Can Transporter book their expenditure upto 35k on single voucher. ?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 10 December 2017

not understand it...? What you want exactly...?

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