Cash payment to farmer
Nishikant (Jalna) (298 Points)
08 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195291 Points)
Replied 08 October 2017
Maximum upto 2 lakhs.........
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 08 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195291 Points)
Replied 08 October 2017
Very Good Morning, Dear..
Section: 269ST............ no one can accept 2 lakhs or more cash per day/event/person
The section specifically applies to seller/supplier (who in turn receives cash payment)
Sec. 40 A(3): Where any expenditure in respect of which payment is made in excess of Rs. 10,000 at a time otherwise than by Account-payee cheque or draft, 100% of such payment shall be disallowed.
Here, it is disallowance of expenditure for purchaser/trader under income from PGBP.
(Though this condition not applicable here, being agriculture produce)
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 08 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195291 Points)
Replied 08 October 2017
My Pleasure..... Dear Sir........