Hi Friends
What is Cash Expenditure limit for tha A Y 2010-11
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
Vikash Kharvar
(Dy. Manager -F&A)
(469 Points)
Replied 03 March 2011
Mr. Sachin Sharma is Right on the point.
| 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 |
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TRISHNA
(CHARTERED ACCOUNTANT)
(40 Points)
Replied 04 March 2011
20,000 and 35,000 for plying in a DAY
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