How much is the maximum cash purchase limit
8 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 06 May 2018
10000/- per dealer per day.....
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)
(86323 Points)
Replied 07 May 2018
you have to made all payment in cheque/neft
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