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cash transfer query
can I send cash to any factory for labour payment amount 50000.00/- in a day ..( there are no banking facility, as well as no e wallet )?
Replies (2)
Yes, only if salary to individual payee is < 10,000/-
If itrs >10,000/- then you need to send on 2 different days
as per provisions of sec-40A(3),if there is no banking facilities you can.make sure that the place is rural...
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