Cash payment limit against purchase

sajeer k (accounts officer) (177 Points)

06 May 2018

How much is the maximum cash purchase limit

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8 Replies

CA KANJ GOEL (OWNER) (1378 Points)
Replied 06 May 2018

10 k maximum in a single day

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 06 May 2018

10000/- per dealer per day.....

rama krishnan (12239 Points)
Replied 06 May 2018

I endorse Rashmi mams statement

Deepika Yadav (561 Points)
Replied 07 May 2018

10000 per day

kush kumar (EXECUTIVE ACCOUNTANT ) (34 Points)
Replied 07 May 2018

10K PER DAY CASH PURCHASE LIMIT

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
Replied 07 May 2018

10,000 per day subject to maximum 2 lac per invoice.

Suppose a invoice is of 3 lac than only 2 lac can be made in cash rest must be through cheuqe/online etc

rama krishnan (12239 Points)
Replied 07 May 2018

the limit of RS. 2 lac will attract to payee where as in case of expenses , the threshold limit for the payer is 10k

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 07 May 2018

you have to made all payment in cheque/neft

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