cash limit

Khushbu Agarwal (Student CA Final ) (496 Points)

29 March 2018

what is the cash limit for a firm on purchases made?

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Vignesh (Finance executive) (256 Points)
Replied 29 March 2018

upto Rs.20000 to one party in a day

Divakar (Student CA Final ) (11857 Points)
Replied 29 March 2018

Rs. 10000 from FA 2017....refer section 40A(3)

Khushbu Agarwal (Student CA Final ) (496 Points)
Replied 29 March 2018

20000 or 10000?

Divakar (Student CA Final ) (11857 Points)
Replied 29 March 2018

10000 from FA 2017

Vignesh (Finance executive) (256 Points)
Replied 29 March 2018

Originally posted by : Divakar
	Rs. 10000 from FA 2017....refer section 40A(3)

Yes Rs.10000

Khushbu Agarwal (Student CA Final ) (496 Points)
Replied 29 March 2018

ok... thanks 😊

Divakar (Student CA Final ) (11857 Points)
Replied 29 March 2018

Certain exception is also there in rule 6DD where cash payment is allowed more than Rs. 10000

Khushbu Agarwal (Student CA Final ) (496 Points)
Replied 29 March 2018

ha that rule i know...😊

Divakar (Student CA Final ) (11857 Points)
Replied 29 March 2018

Yup.... 😀😀 u definitely know mam

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