Cash payments for 2010-11

Ravi M (CA-Final) (460 Points)

03 March 2011

Hi Friends

What is Cash Expenditure limit for tha A Y 2010-11

Reply
Follow
Share

6 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 03 March 2011

20000/- or 30000 for plying business

CA abhinandan agarwal (CA CS Bcom(H)) (174 Points)
Replied 03 March 2011

20000/-

35000/- for plying

sachin sharma (article) (122 Points)
Replied 03 March 2011

Hi ravi,

as per section 40A(3) limit of cash payment of expenditure is Rs. 35000/- in case of transporter and Rs. 20000/- in any other case.

but some exceptions in which u can make cash payment are given under rule 6DD.

Link for rule 6DD is given below

https://law.incometaxindia.gov.in/DIT/income-tax-rules.aspx

1 Like

Vikash Kharvar (Dy. Manager -F&A) (469 Points)
Replied 03 March 2011

Mr. Sachin Sharma is Right on the point.

(Guest)

Originally posted by : sachin sharma
	Hi ravi, as per section 40A(3) limit of cash payment of expenditure is Rs. 35000/- in case of transporter and Rs. 20000/- in any other case. but some exceptions in which u can make cash payment are given under rule 6DD. Link for rule 6DD is given below https://law.incometaxindia.gov.in/DIT/income-tax-rules.aspx